Pressure level is as solid as a rock, bullish momentum is exhausted.
Key pressure: Fibonacci retracement shows triple pressure:
0.0% (2679.64): Double top formation strong resistance;
23.6% (2628.98): Two attempts today failed to break, forming a 'false breakout trap';
Middle track pressure (approximately 2602): The middle track of the Bollinger Bands surged and then fell back directly, confirming a weakening trend.
Main force movement: Dense orders near 2602 (2602.36-2602.32), but the latest transaction price has dropped to the 2402 range, exposing large selling pressure flowing beneath!
Support level is precarious, downward channel is opening.
Core support:
50% retracement level (2572.32): Tonight's dividing line between bulls and bears; breaking this level will trigger panic selling.
100% retracement level (2465): Strong support at the weekly level, if lost, it may trigger a waterfall market.
Bollinger Bands warning: After losing the middle track, the opening turns downward, price runs closely along the lower track, establishing a downward channel!
Can 2600 hold tonight? — Probability is less than 30%!
Data support:
Commission ratio only +0.24%: Buying strength is weak, main force's willingness to support the market is insufficient;
Large transaction price 2402: Bears are secretly pushing down, the 2600 order may be a 'bait trap';
Volume-price divergence: Surge with no volume, drop with increased volume, bears dominate the short-term trend.
Conclusion: If unable to stabilize above 2580 (Fibonacci 38.2% support) within an hour, it will accelerate the drop towards 2550-2520!
#Circle扩大IPO规模
Don't pay attention to me? Next time there's a crash, you'll be queuing on the rooftop.
$ETH