"The cryptocurrency market is ever-changing, but candlestick patterns don't lie—understanding the charts is the key to turning the 'dog owner's' tactics into your ATM!"
Why did ETH surge and then retreat last night? Da Sheng will break it down for you!
Brothers, last night ETH surged to 2536 and then suddenly dumped. Did another batch of people get caught at the peak? Don't worry, let's solve this mystery with this candlestick chart!
1. The key resistance level is revealed.
The upper Bollinger Band at 2543 is like an iron roof; it gets smashed down every time it touches. Last night it approached 2536, which is close to the resistance area, and the 'dog owner' directly closed the door.
The MACD indicator's green bar (-8.52) shows that the bears are still in control. Both the DIF and DEA lines are underwater; in this situation, a price rally is a trap for buyers!
Do you remember the big bearish line from June 19? It hit the upper Bollinger Band and got smashed down; history always repeats itself!
2. The main funds are playing psychological warfare.
The selling ratio of -0.06% indicates more sell orders than buy orders. Looking at the order prices: there's a dense pile of support orders near 2516, a typical 'false support and real selling' tactic.
The trading volume MA5 suddenly expanded; this is a classic tactic of the main players to offload.
Da Sheng's viewpoint:
Right now it's a meat grinder market for longs and shorts; don't be fooled by the 0.12% drop as it seems small, but every time there’s a spike, a bunch of contracts get blown up.
How will it move next? Keep a close eye on these two signals!
Death line 2516: A massive support order is placed at this position; if it breaks, we will directly look at 2490!
MACD turns red: If the green bars shorten + DIF crosses above DEA, it's a real rebound signal.
Operation strategy:
Spot traders: Wait for 2516 to stabilize before buying in batches.
Contract players: Focus on shorting in the 2540-2560 range, remember to set a stop loss.
"Want to know which point the 'dog owner' will hit next? Tonight at 8 PM in the live room, Da Sheng will teach you how to predict rises and falls using the 'Order Distribution Map'. Click to follow to avoid getting lost!"$ETH #鲍威尔发言
