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Analysis and reference for ETH market on December 30th. Currently, the second bullish pattern is facing resistance at the upper band of the 4-hour Bollinger Bands this afternoon. Other levels are all testing the resistance levels. Consider taking a short position at 2996. This is the first short position opened by the host after entering the market, with a normal position size, defending at 3015-3020.
Why mention this as the first short position? Once the market breaks through our defensive zone and does not fall below 3000, we can reasonably judge that the market is about to change direction, heading towards around 3140. Conversely, if the upper band at 2996 can suppress the price and it retraces to break below 2950, the market is likely to test the 2900 support tonight. Heading towards the daily lower band at around 2835, once broken, there is potential for significant gains!
You can pre-set orders at 2775 and 2742, with a stop at 2725. Currently, as we approach the end of the month, market volatility will be rapid.‼️Manage your happy beans well and welcome the new year🎉🎉🎉🎉🎉🎉🎉