ETH 1-Hour Cycle Analysis: Dominated by Fluctuations, Focus on Mid-Track Resistance and Lower Track Support
Current ETH price is approximately 3698.64, in a downward fluctuation trend. The K-line is close to the mid-track of the Bollinger Bands, with weak momentum, and may continue to fluctuate in the short term.
Key Levels and Strategy Suggestions:
Mid-Track Resistance Level: 3719 USDT
If it cannot break through and stabilize, the price may test the lower track support of the Bollinger Bands (3639 USDT) downwards.
Long Position Strategy:
If approaching around 3635 (lower track support), consider taking a small position to go long, with a stop-loss set at 3615. If it effectively holds above the mid-track, add to the position upon a retest that does not break.
Short Position Strategy:
If it reaches around 3790 (upper track + previous high resistance), if it does not break out with volume, consider going short, with a stop-loss set above 3810.
Technical Signal Reference:
The K-line pattern shows a hammer, indicating a possible short-term rebound; however, the top splitting structure still suggests a weak market.
The Bollinger Bands are gradually converging, indicating reduced market volatility. The key is whether it can break through the mid-track with volume.
The market direction has not yet emerged; it is recommended to operate with small positions, entering and exiting quickly. The mid-track and upper and lower tracks are key references; consider following the trend only after a break or confirmation signal, avoiding emotional trading.
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