ETH Analysis: Currently, the market range is between the high point range of 2850-3050 points that I mentioned yesterday. From the hourly chart level, the market still primarily shows a short-term bullish advantage! After the after-hours trading began yesterday, the market experienced a short-term bear trap without breaking the 2850 point support and started to oscillate upwards. Note that from the recent 2 days' trend, the market shows a double top pattern above the 2980 point on the daily chart, and the market maker has not made a higher trade volumes push to the 3050 point level for a short time. At this point, the market focus is on the small range oscillation between 2850-2980 points. In terms of trading direction, it mainly follows the main trend oscillating upwards structure, but it is necessary to pay attention that the neck resistance below cannot break through the 2850 point level. If the upper high point of 2980 points is broken, the target can be seen around 3020 points! The long positions profits are relatively limited, and those holding long positions in the short term can execute according to the thoughts we shared in the live channel yesterday!

The above opinion is a short-term judgment based on the trend structure presented by the short-term technical aspects. The medium-term structural thinking needs further official market higher trade volumes to determine. It is recommended to consider entering long positions in the lower range of 2910-2900 points, with an upper target of 2980 points for reducing positions, and take profit at a breakout of 3020 points. A conservative view of taking profit directly at 2980 points is also applicable! The stop-loss is recommended at 2840 points.

Regarding the bearish outlook, the short-term market is in a high-level consolidation trend, and short positions cannot be said to have no opportunities at all. Since the short-term trend has not yet turned bearish, it is not advisable to take action for ambush. It is recommended to mainly observe first, and if considering ambushing short positions, wait for a layout at high levels. It is recommended to enter short positions at least above 2980 points, with a stop loss at 3050 points!

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Brothers who are currently stuck in short positions should not be anxious for the time being. The overall trend of the market has not yet reversed, and the weekly structure still reflects a bearish trend for short positions. The high point of the market with higher trade volumes is around 3050 points, and there has been no actual breakout, so the high point must give room for a pullback range structure and cannot break below the 3050 points line. Therefore, as we approach the pressure point near the high, it is crucial to remain steady. In the short term, the bears have indeed not broken below 2850 points with higher trade volumes, making it difficult to predict the space at lower levels. Therefore, I personally believe that risk control needs to be at least above 3050 points for the range to be considered stable. Do not frequently take orders at high levels, as it may affect the judgment of the overall market trend. In a bear market phase, the market may always exhibit a higher trade volume structure, and while seeking profits from both long and short positions, taking profits and cutting losses still needs to be strictly adhered to.