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January 19 Market Analysis by Lao Biao
The market has been consolidating at high levels over the weekend. This morning, the bears gained momentum, and ETH reached the support level of the night order. Currently, the market remains bearish. Geopolitical tensions are severe, and a war could break out at any time, which would have a significant impact on the market. Lao Biao still follows the same approach: going long is always a short-term strategy. We are currently in a bear market phase, and the overall trend is always dominated by high short positions...
Today's Trading Advice: Focus on short positions at high levels
ETH first support level: 3218, second support level: 3255
First resistance level: 3153, second resistance level: 3130
Note: Personal suggestions are for reference only and do not constitute trading advice. Trading involves risks. Use stop-loss orders when opening positions.