Brothers, this market is really exciting! Ethereum is currently stuck between 2490 and 2540, with both bulls and bears fiercely battling it out, and there was no clear winner in the early session. If you ask me, in this kind of volatile market, don't rush to catch the bottom; jumping in now to go long is likely to get you buried, as the risk is much higher than the reward!
Don't be fooled by technical indicators showing oversold conditions, but tonight's Federal Reserve meeting is the real bombshell. Right now, big funds are playing dead and waiting, and retail investors who jump in are just cannon fodder. If you ask me, it's better to wait for a rebound above 2540 to gradually short, rather than lick blood on the edge of a knife chasing longs. The short position I took near 2520 yesterday directly dropped to 2450 for a take profit, a complete win. If you don't believe it, go read my article from yesterday; the strength is here, no need to boast!
Currently, the daily MACD is shrinking, and the 4-hour Bollinger Bands are sticking to the lower bound, with the short-term rebound power as weak as a chick. Even if you really want to gamble on a rebound, you have to wait for the price to pull back near 2535 before considering a light long position, but remember to set a 3% stop loss! Right now, market sentiment is tightly controlled by the Middle East situation and the Federal Reserve; any black swan event could break the support, so those trading contracts should not stubbornly hold positions.
I personally prefer a high short strategy, especially in the 2550-2580 range, with a stop loss set above 2600, and my target is initially set at 2480. Remember, this is not the time to test your guts; preserving your capital is how you survive until the bull market returns! The Federal Reserve will make an announcement at 2 AM tonight, so everyone, keep your spirits up and watch the market closely; don't sleep through it and get liquidated!
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