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December 6 Market Analysis by Lao Biao
Today is the weekend, and the market is expected to experience low liquidity. After a rebound during yesterday’s day session, the price retraced to around the 3190 high and then began a continuous choppy pullback. After the US stock market opened higher, the market saw a rapid surge followed by another sell-off, breaking below yesterday’s low and pulling back to near the second support level. Today’s market is expected to mainly consolidate, with limited price movement, and a continued focus on a period of correction...
Today’s Trading Suggestions: Sell high, buy low
ETH first support: 2980; second support: 2930
First resistance: 3068; second resistance: 3140
Note: These are personal suggestions for reference only and do not constitute trading advice. Trading carries risks, use stop-loss orders.