Taking ETH/USDT perpetual as an example, on August 6, it stood above 3485, showing relative strength from the longer, which has a pull on BTC. In the short term, it continues to attack 3730. Previously, based on the 1-hour cycle "Institution Strong Long Turning Point Model" (this model is explained in detail in the live video), long orders are followed up with defense, holding above 3730. Looking high towards around 3798, if it surpasses 3798, look at around 3871 or 3941. If it reaches this range, reduce position on long orders at highs, and it is not recommended to blindly chase rising prices. Meanwhile, based on the "Institution Strong Short Turning Point Model" (detailed explanation can be found in the video live replay), short at highs.


Disclaimer
The information and opinions in the report are for the reference of the reader only and should not be construed as or considered as actual investment target trading advice. Investors should assess whether to use the content of the report based on their personal investment goals, financial situation, and needs, make independent investment decisions, and bear the corresponding risks.
ETH-2.81%
BTC-3.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)