ETH: Summary of discussions in the Shuqin Mute Group (18:00:10 ~ 19:00:10)

1. Current Recommended Direction - It is recommended to start buy the dips and dollar-cost averaging when the ETH price is around 1500, as there is a strong tendency to tentatively build positions. - In the short term, you can long near the 1900 support level and take advantage of the rebound opportunity brought by Bitcoin's short-term support of 65,000 to make a small rebound operation of about 2,000 points. - Overall, it is predicted that ETH may continue to fall to around 1000. We advise against blindly chasing the price up. Conservative investors are advised to wait and see to accumulate coins at a lower price. 2. Position and Risk Management Recommendations - Start by gradually establishing trial positions from 1500. For long, it is recommended to participate with a small position, which is considered as establishing positions in a bear market. Those with a higher risk tolerance can appropriately increase their positions. - The rebound operation aims for a 2000-point increase, and the stop loss point can be set slightly below the 1900 support level for protection. - Watch whether the price falls below 1500. If it does, it will be a signal to add to your position. Conservative investors should wait for the price to reach 50,000 or more before accumulating large amounts of Bitcoin. 3. Adapt to trading styles - Suitable for conservative medium-term investors to use a dollar-cost averaging approach, gradually building positions during bear market bottoms. - Short-term aggressive traders can use the short-term support around 1900 to make quick in-and-out trades on rebounds, targeting a rebound of 2000 points. - When making trading decisions, pay attention to the US employment data at 9:30 PM tonight and the CPI inflation data on Friday as market catalysts. Avoid blindly holding positions and adjust strategies flexibly.