Surprise! ETH four-hour K-line shows 'death cross', a showdown between bulls and bears is imminent!
The crypto world is like the sea, K-lines are the waves; if you can't grasp the wave, even the biggest ship will sway!
1. Current price around $292.5, slightly down compared to yesterday. This situation feels like two experts in a standoff, neither side going for a strong move.
2. Stuck at the middle band of the Bollinger Bands! Look at this Bollinger Band, the upper and lower bands are tightly pressed together, shrinking to a thin seam! This indicates market confusion, everyone is holding back. ETH is being 'squeezed': if it jumps up, someone sells; if it drops sharply, someone buys, just like a trampoline athlete.
3. The MACD fast and slow lines are tangled up like a twist! The red and green bars below are about the same height, buying and selling power is balanced, bulls and bears are still struggling, and the audience is munching on seeds watching the show.
Comprehensive chart + news:
Big news? Quite! The Fed's rate hike rhetoric is back, and BTC is leading the way in consolidation. No new updates for ETH upgrades, and no breakthroughs for the US spot ETF. In one word: dull! Major players are collectively 'sitting in meditation'.
Last month, the Bollinger Bands also shrank like this, and as a result, a large institutional order came in the afternoon, trading volume exploded in green, and MACD formed a golden cross, ETH surged 5% in an instant! The quieter the consolidation, the more we must guard against an ambush!
Mainline: Keep swaying! 95% probability, ETH will be dawdling within the Bollinger Bands range. The market looks like a small pond with a gentle breeze, the four-hour K-line bounces back and forth with small red and green candles.
Key signals to watch for a trend change:
Trading volume 'explosion': The bars suddenly increase by 2-3 times! Be alert for big funds moving. If it breaks upwards, look at the previous high; if it breaks down, be cautious of missing support.
MACD 'breakup': The fast and slow lines form a clear golden cross/dead cross separation, and the trend will become clearer. The probability is low in the afternoon, but stay alert before the market closes.
Today for ETH: Lying flat is the main strategy, guerrilla tactics as a supplement.
Short-term traders: 'Sell high and buy low' within the range, consider reducing or small shorts at the upper limit, and small longs at the lower limit. Don’t be greedy with your targets; just aim for a meal’s worth of profit.
Long-term holders: Drink tea and sleep! The big logic hasn’t changed, small fluctuations are just a free rocking chair, don’t fidget unnecessarily.
If you want to make money, don’t be a lone warrior! Follow me, and let me know your thoughts in the comments, let’s seize the huge profit opportunities of the bull market together.
Intraday focus: MASK LA ETH BTC
