I haven’t posted anything in a while. Today I’m going to talk about ETH. In fact, for me personally, I prefer to do BTC contracts because BTC tends to reflect the market the fastest in terms of trends and most of the time the trend is stronger than that of ETH. Of course, in this round within cycle

Let’s return to the topic. The day before yesterday, ETH had an increase of about 100 dollars and reached a position near 1780. At this time, many people definitely want to go long to 2000. I have said before that BTC’s position near 27000~28000 is meaningless. The corresponding ETH is about It is between 1600 and 1700. If it is more accurate, it is around 1620 and 1690.
Now that it has retreated to around 1660, it seems that there is not much sense in placing orders. Of course, many people will open short positions at this position. I said before that the idea of mainly shorting will be the trend in the second half of the year.
However, after the unprovoked pull-up in the past few days, we can see that the main long-short consensus position in October has actually defaulted to the 1600 position upwards.
To put it clearly, the downward space in early October was very small, about 60 points upward. If the next consensus position is actually around 1800, there are about 150 points in it. ETH was not as good as BTC in the rise in the past few days, and it seemed slightly smaller during the day. Weak, but this actually gives us the opportunity to be bullish. That’s all.