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August layout: Currently, 3760-80 has stopped falling. Tomorrow the monthly line will be opened, and we have 2 strategies to implement.
1: Continue to hold the short position above 3830, push the stop loss (to avoid missing out if it hits a low in the morning) and look to take profit around 3650.
2: Hold a long-term short position of 1% at 3995 or 4018 for one month.
Explanation: If the monthly line opens around 3800, there is a high probability that next month it will first break through the previous high of 3940 to form a double top (possibly at 3995.4018). We will position a long-term short with 1% of our capital (looking bearish for the entire next month). If Ethereum does not retrace, it is what we want to capture. Lastly, we need to guard against a rise starting at 3680, and the stop-loss for the short position is at 4065. All short positions will be completely withdrawn.
Personal suggestions are for reference only.
1: Continue holding the short order above 3830, adjust the stop loss (to prevent getting caught if it dips in the morning) and the take profit target is still around 3650.
2: Place a long-term short order of 1% at 3995 or 4018 and hold it for a month.
Explanation: If the monthly line opens around 3800, it is highly likely that next month it will first break through the previous high of 3940 to form a double top (possibly around 3995 or 4018). We will set a long-term short order of 1% to enter the market (looking bearish for the entire next month). As for Ether, if it does not pull back, we should benefit from that. Finally, be cautious of a rise starting at 3680, and the stop loss for all short orders is at 4065, at which point all short orders will be canceled.
Personal advice is for reference only.