You can see that 0.618 perfectly coincides with a parallel top here. After a false breakout, it fell back significantly. If there isn't a stronger force to pull the price up, bulls should be cautious. The bearish target should be the parallel bottom below.
You can try to short with a stop loss based on the previous high.
The volume distribution shows that there is still a large amount of liquidity around 1650, and the price first approached this area and paused before moving up. It is normal to have support in this area, but after a rebound, it is likely that it is just to accumulate strength before another drop. Therefore, if ETH attempts to open a position, it should be a short-term long followed by a continued short. At least, all the liquidity here should be cleared before considering the bottoming out issue!
$RIVER river market update, currently, the priority should be to look for more opportunities to go long.
The diagonal channel we previously considered has already broken and become ineffective, so attention should be focused on the horizontal position. On the 1H level, CVD is down, but the volume has already exhausted, indicating it is in a quiet battlefield after the battle between bulls and bears, with only scattered dissipations and minor friction from small positions. We need to wait for new bullish or bearish funds to enter before there will be a clear direction for the next step;
However, after just experiencing a significant drop, theoretically, the trial and error cost for bulls will be lower. There is a clear parallel bottom around 11.8. If the price breaks below here and then stands back above 11.8, it may be worth trying to go long;
Similarly, there is a parallel bottom here, and there should be liquidity below, theoretically allowing for a bearish position.
River seems to be consolidating at the bottom of an ascending channel, with declining volume on the downside. If the bears do not continue to increase their volume, we may see a rebound from the bulls.
You can try going long at the bottom of the channel + box, using the bottom from yesterday morning's spike as a stop-loss, which still presents a relatively good risk-reward attempt.
BNB has made a straightforward breakdown after a triangular consolidation. If it can retrace back to the triangle, one can look for shorting opportunities. The volume distribution shows a large number of order blocks accumulated near VAL, so the shorting opportunity can be placed here. If the price retraces here, one can try to short around 745-748~
$RIVER Currently attacking the front fortress of the Air Force, temporarily sufficient capacity, ample ammunition, expected to continue the offensive~ #币安跟单 #带单大神
The 1-hour level seems to have a potential channel, currently positioned near the bottom of the channel, and the heatmap shows significant support below the channel. The overlapping factors make it very worthwhile to take a chance on going long.
At the 1-hour level, the bullish momentum looks insufficient for a rebound, and the rise is mainly due to profit-taking buy orders from short positions. Currently in a retest, the bulls must show increased volume to have a chance to challenge the previous parallel high points. If there are signs of holding at 74k, you can consider making a short-term long position, which offers a very good risk-reward ratio. #带单大神