$ETH Ai Yu 7.7 Morning Silk Road:
Observing from the 1-hour technical pattern, the Bollinger Bands show that after a rise, there has been resistance leading to a pullback. Although it remains above the middle band, the upper band forms a strong resistance, and there are signs of gradual narrowing in the opening of the Bollinger Bands, suggesting that the trend may approach the middle band, with potential risks for a downward breakout.
Currently, although the MACD indicator is in the positive zone, the red bars are continuously shortening, indicating that the momentum is rapidly diminishing. If a death cross forms subsequently, the upward momentum may face concentrated release. The KDJ indicator shows a clear downward turn at a high position, releasing short-term adjustment signals. Once a death cross occurs, it is expected to accelerate the adjustment process. Comprehensive technical analysis indicates that the bullish strength is significantly weakening, and the signals are becoming increasingly clear. Today's morning operation strategy remains focused on a high momentum approach.
Big Pie: 109200-109500 momentum, target 107500
Second Pie 2580-2610 momentum, target 2500#ETH