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The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
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#BTC# #PI# #ETH#
[Uncle Da] 4.2 Morning Market
Overall trend: Yesterday, Bitcoin rose and then fell. Under the influence of news, U.S. stocks violently surged in a V-shape, driving Bitcoin up. The short positions did not reach the take profit point, resulting in a profit pullback and hitting the stop loss, ultimately yielding only a 10% profit, which is quite regrettable.
Operation: For intraday trading, still look for a low buy on the pullback, buy between 83500 to 83800, with a target of 86500 to 86800, and a stop loss at 83000. If it rises first, consider shorting around 87000. Recently, the trend has been mainly low buys, and short positions are also for a short duration.
Buy Ethereum at 1840-1860, target 1960-2000, stop loss at 1820.
Mid-term: The monthly line has closed bearish, and there will be a larger decline within the month, breaking below the previous low! Waiting for the opportunity to short, with a short-term rebound demand.
⚠️ Warning: This strategy is for reference only and does not constitute investment advice. Cryptocurrency is highly volatile, and one must independently assess their risk tolerance. Properly set take-profit and stop-loss orders, and strictly enforce them to make a profit in this market! #加密行情反弹#
Although the daily chart seems to have a "trend" towards a V reversal to the upper band of the Bollinger Bands, we can no longer look to go long.