Although the pin bar pattern has emerged in the market, the four-hour rebound pattern remains intact. In terms of operation, we consider 2300 as the core dividing line between bulls and bears, and everything is based on the four-hour closing price: as long as the four-hour candle closes above 2300, we continue to look for a rebound. The first resistance above is 2400; once broken and stabilized, the target ranges from 2480 to 2530.
If the four-hour close effectively breaks below 2300, it indicates that this round of four-hour rebound has officially ended, and there is still a risk of a pin bar decline. The lower levels to watch are 2200, 2100, and 2000, where you can gradually build positions in spot holdings. $ETH
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.
Although the pin bar pattern has emerged in the market, the four-hour rebound pattern remains intact. In terms of operation, we consider 2300 as the core dividing line between bulls and bears, and everything is based on the four-hour closing price: as long as the four-hour candle closes above 2300, we continue to look for a rebound. The first resistance above is 2400; once broken and stabilized, the target ranges from 2480 to 2530.
If the four-hour close effectively breaks below 2300, it indicates that this round of four-hour rebound has officially ended, and there is still a risk of a pin bar decline. The lower levels to watch are 2200, 2100, and 2000, where you can gradually build positions in spot holdings. $ETH