CPI nuclear bomb detonates tonight! Bold claim: If the data ≤ 2.9%, ETH will wipe out shorts down to 2630!
The new support line of 2591's significance
Last night the lowest point was 2598, just 7 dollars away from the Fibonacci support at 2591. On-chain alerts: When the price approaches 2591, there are 23,000 ETH put options ambushed on Deribit, which is a common “long squeeze trap” used by market makers.
The moving average system reveals the intentions of major players
MA7 (2579) and MA30 (2541) create a $38 death trap (purple channel in the chart). Historical experience: When MA7 flattens + distance < $40 (like July 5), there is a 90% probability of a reversal within 48 hours!
367,000 volume contraction hides a killing intent
Compared to the explosive 1.88 million bullish candle on July 8, the current volume has shrunk by 81%. Seasoned traders in the crypto space understand: prolonged sideways movement must decline + low volume consolidation = guillotine warning!
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