1. Current Recommended Direction - ETH can be long around $1900 in the short term, taking advantage of Bitcoin's short-term support at $65,000 to expect a rebound to around 2000 points. This is suitable for short-term tentative positions and partial profit-taking. - The medium-term bearish outlook continues, and the historical pattern is replicating the bear market path of 2022. ETH is expected to fall to $1,000. It is recommended to start buy the dips and dollar-cost averaging around $1,500. - We encourage conservative investors to wait and see before accumulating Bitcoin at a low price of around $50,000 before making large-scale purchases, avoiding chasing high prices and being overly attached to positions. 2. Position and Risk Management Recommendations - Consider a small position in ETH around 1900, but it's advisable to lock in some profits and reserve the remaining position for further dips. Avoid heavy positions to try and catch a rebound. - During a Bitcoin rebound, you can try placing an order; those who haven't placed an order should wait for a lower price to enter the market. - There is no explicit stop-loss point indication, but it emphasizes "treating being trapped as building a position in a bear market", reflecting a strong risk tolerance mentality and long-term investment strategy. - Pay close attention to tonight's US employment data and Friday's CPI inflation data. When the market is unclear, it is advisable to control your position size. 3. Adapt to trading styles - This strategy is suitable for conservative medium-term investors. It is based on historical bear market patterns and emphasizes that "a rebound is a window of opportunity to escape." Short-term rebounds are used to make partial profits, while long-term investors can make regular investments on dips. - Short-term aggressive traders can use the $1900 support level to tentatively enter the market, quickly entering and exiting to avoid the risk of holding on for too long. Key catalysts include US employment data and CPI inflation data; market volatility is high, and flexible trading strategies are required.
ETH: Summary of discussions in the Shuqin Mute Group (04:00:09 ~ 05:00:09)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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