In the crypto world, one day is like a year in the human world—ETH is now like a compressed spring; the longer it holds, the more explosive the release!
Current market: Both bulls and bears are waiting for the starting gun.
From the 1-hour chart, ETH is currently stuck at the awkward position of 2587, last closing at 2596, like a meat patty caught in the middle of a hamburger—with strong pressure above at 2618 and support below at 2558. Three key signals reveal the mystery:
Bollinger Bands narrowing 2584-2611: The distance between the upper and lower bands is less than 2%, more oppressive than a couple's silence after a fight, indicating that a trend change is imminent.
MACD battling: DIF and DEA have a dead cross above the zero axis, but the histogram has shrunk to a sesame seed -7.03, resembling the 'false drop' pattern before the surge in April 2019.
Trading volume is flat: After a massive 640,000 ETH yesterday, it shrank to 290,000 today, indicating that big funds are waiting for the layout time marked at 8 PM tonight!
Supplementary news: This morning Coinbase suddenly suspended ETH staking services for 3 hours, causing a brief panic, but on-chain data shows that whale addresses are still accumulating.
U.S. non-farm employment rate increases.
Great Sage's personal opinion: I lean towards 'first smash then pull up'. The main force will likely fake a drop below 2558 to wash out leveraged longs, then quickly pull back—just like the 'spike market' on June 12, which violently rebounded after blowing up $260 million in contracts.
Operation strategy: Prepare two scripts.
Radical faction:
After breaking 2618, if it comes back and holds, open a 5% position to chase longs.
Volume breaks below 2558, reverse to open shorts.
Conservative faction:
A limit order at 2424 is 6% away from the current price, equivalent to 'discounted chip picking'.
Those holding spot can mortgage to borrow USDT for a hedge with an annualized 8%, which is better than missing out.
Data evidence: The current ETH futures funding rate is -0.01%, indicating that the market is secretly bearish, making it easier to be harvested in the opposite direction!
Remember: In the crypto world, 80% of profits come from 20% of key moments—at 8 PM tonight when ETH chooses its direction, will you be a spectator or the main character? Share your battle plan in the comments section, and randomly select fans for tomorrow's fan group orders!$ETH #非农就业数据来袭
Remember! The market is never wrong, it's us who are wrong! I am the Great Sage, a top-tier layout team, only serving ambitious madmen with a vision!
