$ETH 's wild fluctuations! Is it the time for retail investors to buy the dip or catch the falling knife?
Opening with a "triple hit": Federal Reserve officials hinting at "possible further rate hikes", the dollar index surges dragging down risk assets; a whale address transferred 120,000 ETH to exchanges early in the morning, typically a signal to sell; market sentiment enters the "neutral to bearish" zone.
A golden cross on moving averages, a typical signal for short-term bearishness; a divergence between volume and price, with volume surging as prices fell to $3,613 during the morning session, but the subsequent rebound saw no follow-through, indicating hesitation among bottom-fishing investors; MACD is flat, bullish momentum has shrunk to a line, the fast and slow lines are "playing dead" below the zero axis, confirming a weak oscillating pattern.
The more voices there are advocating for buying the dip, the more likely the market is to trigger another wave of panic selling! Real opportunities often arise when everyone is in despair, but the timing isn't right yet; it's advisable to wait for a clear market direction before making a move.
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