When everyone is bearish, it's time to buy bullish

$ETH
The current price of Ethereum is around 4000, and it is now 10 o'clock Beijing time. A short position indeed shouldn't be held for too long. After hitting a low of 3820, it didn't test the bottom again. When it pulled back and broke below 3880, I had to reluctantly take profits with about a 50-point margin. There are less than four hours left until the weekly close. A long hammer candlestick has appeared. If it doesn't break 4000 before the close, then next week's market will likely see many extreme situations. It is expected to be another round of long and short liquidations. The safest approach is to wait until after the bottom is tested to enter a long position.

The daily candlestick chart shows a high of 4024 and a low of 3830. The EMA15 trend line has stretched to 3785, and the EMA30 has reached 3600. Aside from the MACD showing a decrease in volume, both DIF and DEA are expanding at high levels. The Bollinger Bands indicate an upward channel trend, with the upper band reaching 4100 and the middle band at 3760. There are two key entry points: the first is 3760, and the second is 3600. Alerts can be set for these two levels.

On the four-hour K-line, the upward trend is blocked at 3900, leading to sideways movement. The EMA trend indicator is contracting, while overall support is being pushed up. The EMA120 has reached 3720, with MACD continuously decreasing in volume and accumulating positions. The DIF and DEA are contracting, and there is a potential for a golden cross at any time. Pay attention to the resistance at the previous high of 3930; if it breaks, it will likely surge towards 4000. The Bollinger Bands are extremely contracted, with the upper band at 3935, indicating that this week's trend will become clearer. The KDJ is expanding upwards without change. Will the main force come again for a short squeeze to absorb positions at the bottom? We can wait patiently. Focus on low long positions and be temporarily cautious about shorting.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set good stop-losses. Safety comes first; small losses with big profits are the goal.

For the upper range of 3950 to 4000, go short with a stop at 4050 and a stop-loss of 50 points, targeting 3900 to 3850. If it breaks, look at 3800 to 3750.

For the lower range of 3750 to 3700, go long with a stop at 3650 and a stop-loss of 50 points, targeting 3800 to 3850. If it breaks, look at 3900 to 3950

#ETH🔥🔥🔥🔥