Current market signals are strange: death cross + horizontal trading at the upper Bollinger band, concealing hidden dangers!
1-hour death cross warning: MACD high-level death cross suddenly appears, short-term pullback pressure sharply increases!
Bollinger bands in eerie horizontal trading: The price is firmly sticking to the upper band at 3554, with fluctuations of only 10 points, and the volatility has been compressed to the limit—this is the calm before the storm!
Key price level 3575: The chart clearly marks 'break then up to 3600, otherwise down to 3500'. This price level has become a meat grinder for bulls and bears tonight!
Mig's exclusive view: 3575 must be broken! But the main force is playing 'the wolf is coming'.
'The longer the horizontal trading lasts, the more violent the outbreak!'
Bullish accumulation signal: Despite the death cross pressure, the price refuses to fall below the upper Bollinger band, and the main forces show clear signs of accumulation! The note 'there is a lot of space above' in the chart suggests that large funds have locked in stop-loss orders for short positions above 3575 (3600+). Once it breaks through, it will trigger a chain reaction of liquidations!
Critical turning point: The U.S. tariff policy is a nuclear-level catalyst! If the news is favorable, ETH will violently surge, rushing towards 3600!
Short squeeze trap warning: If the main force first fakes a breakdown below 3550 (triggering stop-losses), then quickly rebounds to 3575, a bloody washout of shorts will surely happen tonight!
Life and death defense line: Is 3500 the paradise for bottom-fishing or the gate to hell?
In the chart, the iron bottom support: the 3475-3500 area is marked as 'horizontal support'. If a black swan attack occurs (such as unfavorable tariffs), the bulls will charge in here! However, if it breaks down with volume, it will trigger panic selling down to 3400!
Mig's prediction: 3500 will inevitably see a mountain of corpses with 100x leverage, but it is a golden pit for the medium term!
Any circle requires following the right people to minimize detours and achieve results!!
Pay attention to Mig., leading you to profit!