In the afternoon, the pancake has stopped falling and is consolidating within a narrow range, with bulls and bears temporarily balanced; the 1-hour chart shows that the price has rebounded after touching the lower band, exiting the oversold zone, and the bearish momentum is marginally slowing down, with support nearby. It is suggested to primarily focus on low long positions in operations.
Ether: Buy in the range of 4200-4250, target 4400, long-term view 4600, each should strictly maintain their defense. #Gate七月透明度报告发布
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8.18 Ether Evening Silk Road
In the afternoon, the pancake has stopped falling and is consolidating within a narrow range, with bulls and bears temporarily balanced; the 1-hour chart shows that the price has rebounded after touching the lower band, exiting the oversold zone, and the bearish momentum is marginally slowing down, with support nearby. It is suggested to primarily focus on low long positions in operations.
Ether: Buy in the range of 4200-4250, target 4400, long-term view 4600, each should strictly maintain their defense. #Gate七月透明度报告发布