$ETH The descending channel seems to be getting more and more obvious~
If it continues to test the upper edge of the ascending channel, the target will be at 3754;
Just barely breaking through the left high point...

"The Little Monster of Langlang Mountain" is very interesting!
As someone who has been an entrepreneur, watching this film evokes a sense of "knowing it will fail, but still wanting to do it" throughout.
I can only say that on the surface this is just a Side Story of Journey to the West, but if you substitute the roles of workers, office politics, and startup teams, you will find that beneath the comedic exterior lies a reality of powerlessness and despair.
Even if the protagonists seem to have defeated the Boss in the end, upon reflection, they realize that it was a ploy to intentionally lose

The structure of $ETH is currently very stable, with the price receiving support above the original support (current oscillation center). It seems that there is no risk of falling into a short positions trend in the short term, and the overall structure still falls within the range of oscillation.
In the image, the green support and resistance swap replaces 3500 as the new key price level, which is the 3570~3550 range.

The swing trading performance of ASR in the past month has been pretty good, consistently executing the strategy of shorting after a Rebound for over 20 days...
However, a bearish determination exceeding 20 days at the 15-minute level is already considered quite long; generally, the average is below 10 days, with a historical maximum of 42 days.
In other words, as long as BTC maintains its fluctuations, the end of this bearish trend is not far off.
Is the Dragon Slaying Group starting again?

At a glance, do you see this trend as bullish or bearish?
If you also feel that this is a downward continuation and have a bearish outlook, then you should be bullish on ETH!

ASR-VC indicator 4h channel status update:
There hasn't been any update on the channel status in the past two days because there's really nothing much to say about this structure. After the price of $BTC tested the lower edge of the oscillation channel (cyan line), it started to rebound. The short-term target we can still see is the retracement to the middle track (116.9k);
As the entire channel is starting to decline, it is very important to see if we can return to the middle track!
Returning above the mid-line indicates that the market can continue to maintain a range-bound movement and has

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The liquidity distribution of the futures market for $BTC over the past three months shows that the current price is actually quite close to the short positions liquidation zone. If this descending channel-like structure can break out, there is indeed a possibility of entering another bullish trend.
After all, there has been a new wave of short positions liquidity above the 120k position recently. In other words, if the price can return to 118k, then there will be a stepping stone in the middle of the liquidation zone from the previous high.
The main force suppressing prices now comes from the

$ETH rebounded to the golden pocket of Fibonacci 0.618~0.66, and the position of 3741 is considered a key price level!
If it can't go up, then this is the rebound high point. If it successfully breaks through, then this rebound can be confirmed as a reversal.
In terms of trading strategy, you can try a short position, after all, the stop loss is very small.

$BTC's weak rebound over the weekend has emerged, and last week's pullback liquidated one-third of the long positions' liquidity, which has brought the futures market's long and short liquidity to a relatively balanced state.
Therefore, the key next week should be to see how the spot market chooses its direction?
Currently, the spot premium has fully recovered to the positive range, so the short-term market is favorable for long positions. However, if the spot premium falls again with a pullback, it will not be good...
Because the long positions liquidity below can push the price to continue t

$ETH is quite crucial at the price level of 3500!
Stand back, that means it is still in a range-bound oscillation structure. If it cannot stand back for a long time, it may turn to a downward oscillation structure.
Give it one more day, you must stand back up!
After all, I've been holding for so long~ I really don't want to be bearish...

Yunding finally has a new season, I tried it online and easily won the chicken dinner by pushing away 2 competing teams with a gambling dog lineup...
I have always been curious about what a Web3 auto chess game would look like.