12.18 Auntie Tai: Bearish crushing control, shorting on rallies directly targeting key support levels
In the early trading session, the ETH market is dominated by bears with a crushing trend. Capital flow shows a large-scale and continuous outflow, the price structure has completed a trend-breaking move, and the downward momentum is in a continuous release channel. Without significant positive policies or massive inflows of funds to support, the market will continue its downward pressure and may test lower levels. A new round of accelerated decline cannot be ruled out.
Trading suggestion: Build short positions in batches within the 2870-2920 range, targeting 2800-2700; if there is a volume breakout at this level, add to positions accordingly, with a target of 2680-2650.
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12.18 Auntie Tai: Bearish crushing control, shorting on rallies directly targeting key support levels
In the early trading session, the ETH market is dominated by bears with a crushing trend. Capital flow shows a large-scale and continuous outflow, the price structure has completed a trend-breaking move, and the downward momentum is in a continuous release channel. Without significant positive policies or massive inflows of funds to support, the market will continue its downward pressure and may test lower levels. A new round of accelerated decline cannot be ruled out.
Trading suggestion: Build short positions in batches within the 2870-2920 range, targeting 2800-2700; if there is a volume breakout at this level, add to positions accordingly, with a target of 2680-2650.