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Tuesday market outlook simplified:
- Four-hour level: After the market quickly rebounded after touching the bottom of the middle track, the bearish pullback was limited, indicating a potential short squeeze signal. Pay attention to the pressure on the middle track in the future, and it is recommended to gradually increase positions for long trades.
- Hourly chart: After the market touches the lower band, it rebounds to recover lost ground, with frequent long lower shadows below. The distribution of resistance levels suppresses the bears, strengthening the bullish trend.
Trading suggestion: Go long on Ethereum around 4180-4220, target 4320. #ETH#