The essence of trading lies in the ability to find opportunities, to plan before taking action, and to strategize effectively. This has always been the key to Yunche's success in the market. Many people fail due to chaotic operations, lack of planning, and no strategy. Most losses are due to holding a losing position, locking up positions, and not using stop losses. The root cause is still the lack of skills and ideas, blindly trusting others' operations, following the wrong trades, and having a poor mentality. They often make small profits but suffer large losses. It is said that one should think thrice before acting; only points that have been carefully considered can be entered. Aggressive points make it difficult for traders to decide between long and short positions, either catching the highest or the lowest point, leading to significant price differences. If one is reluctant to take a stop loss, they can only hold on. Stable points allow for profitable exits or a graceful withdrawal from the market. Looking back at the Ether market, it fell to around 4450 early yesterday morning before rebounding to around 4565. The outlook was also bearish down to 4450, which aligns with our bearish expectations. Then it rebounded, rising to 4564. This bullish outbreak was also within our expectations. Currently, as long as Ether does not break 4640, one can boldly go long; a rebound is expected this morning.

From a technical perspective, Ethereum has formed strong support around 4450 and quickly rebounded to around 4565, indicating that long positions are starting to gain momentum. On the 4-hour chart, the price has stabilized above the EMA20 moving average (around 4520), while the MACD fast and slow lines show signs of a golden cross above the zero line. The RSI has turned upward from the 50 midline, enhancing short-term bullish momentum. If the price can break through the short-term resistance zone of 4565-4580, it will further test the key resistance level of 4640, and a breakthrough is expected to initiate a new round of upward movement.

In terms of operations, in the early session, you can lightly position long orders around the current price of 4540, with a stop loss set below 4520 and a target looking at 4600-4640. If the market sentiment stabilizes after the U.S. stock market opens, and Ether holds above 4580, you may consider increasing your position. However, be cautious of the strong resistance level at 4640; if it is under pressure, you can appropriately reduce your position and wait for a pullback confirmation before re-entering. Overall, maintain a strategy of buying on dips, but control your position size and strictly adhere to stop losses. #Gate 8月储备金报告出炉#