April 6 Biejing Market Analysis

This rally was accompanied by a clear increase in trading volume. The MA5 volume moving average has crossed above the MA10, indicating that capital has actively entered to go long. With price and volume moving in sync, the upward move has higher validity rather than being a false pump.
If the price makes a new high in the future but trading volume contracts, be alert for a volume-price divergence, and guard against a spike followed by a pullback.

Bullish Outlook (Follow the Trend)
1. Long positions held: Use the MA7 moving average (around 2,096) as the take-profit and stop-loss level. If it does not break, hold; the targets are, in order, 2,135 and 2,167;
2. Opening positions: When there is a pullback to around the MA25 (2,060), once it stabilizes, buy in batches on dips, with the stop-loss placed below 2,020;
3. Breakout follow-through: If the price breaks above the previous high of 2,167 with increased volume, you can follow the trend and chase the long position, targeting the 2,200-2,250 range.
⚠️ Bearish Outlook (Caution in Trading)
Only suitable for ultra-short-term speculation: When the price touches the previous high of 2,167, and you see volume stagnation with a MACD top bearish divergence, you may try a short position with a small position size. Set a strict stop-loss above 2,175, with a target to retest 2,100 $ETH