ETH: Summary of discussions in Orange's muted group (daily market analysis) (09:00:11 ~ 10:00:11)

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1. Current Recommended Direction - There are currently no clear long or short orders for ETH, but BitMine has significantly increased its holdings by 71,179 ETH, representing nearly 4% of its total holdings. This indicates institutional confidence in ETH's medium- to long-term bottom. We recommend a "tentative entry" strategy, waiting for market pullbacks to confirm support. - Considering the impact of oil prices and geopolitical events, short-term market volatility has increased. ETH faces the risk of overextending itself in the short term. We advise caution regarding short-term rebounds and prioritize buying opportunities on pullbacks. 2. Position and Risk Management Recommendations - We recommend starting ETH trading with small, trial positions, building positions in batches to avoid large, one-time investments. Reserve sufficient funds to handle unexpected risks. - Stop-loss orders should be based on recent key support levels and strictly adhered to to prevent emotional trading. - We recommend keeping trading timeframes within the short to medium term, dynamically adjusting positions based on the launch of WTI and Brent contracts in early April and market fund flows. 3. Suitability for Trading Styles - This strategy is better suited for a stable medium-term investment approach, utilizing geopolitical and energy price fluctuations as catalysts, combined with signals of institutional buying, to gradually increase positions. - Aggressive chasing of highs is not advisable. Short-term aggressive traders should be wary of "rebounds being exit windows," and are advised to enter and exit positions quickly, avoiding prolonged holding periods. - Pay close attention to the launch of relevant energy contracts and changes in macroeconomic policies in early April, as these are key points for adjusting trading rhythm.

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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