Ethereum Evening Analysis 1-20, Shorting is the Main Theme.

The short-selling strategy in the afternoon was perfectly fulfilled. Clear shorting direction was given in the afternoon, and now it has already moved 35 points! Real trading fans are also enjoying great gains. For the current market, it’s just a matter of ease!

Returning to the current chart, from a technical perspective, the 4-hour Bollinger Bands are opening wide, indicating that the bulls are gradually weakening. The price is constantly testing the lower band, and will soon break below the support level of the lower band. The KDJ indicator is opening downward, clearly dominated by the bears. The MACD indicator is also opening downward, forming a death cross, and is below the zero line. From this, it’s evident that the bear pattern has become the dominant force. Future operation strategy: short on rallies.

Operation suggestion: Short around 3100-3120, target near 3050-3000.

Honestly, recent market movements have been quite large. If you haven’t made gains in this round of market, consider taking a break to learn. Exiting the market is just a matter of catching a trend. If you can’t judge correctly or do it well, follow Lao Guo!