Folks, I am BoFu Trend! Tonight's ETH market is like 'walking a tightrope at high altitude,' with a dual impact of technical and news factors; I will break it down and explain it clearly!
📉 Technical analysis: Keep a close eye on key levels!
1️⃣ Bollinger Bands signal: ETH is currently falling from the upper band (around 4682) to the middle band (around 4280), indicating that the short-term upward momentum is weak and needs adjustment. However, the middle band at 4280 is a key support level, and if it holds, bulls still have a chance to fight back!
2️⃣ Fibonacci key levels:
Upper resistance: 4682 is a strong resistance level, we can only look at 4800 after breaking through!
Lower support: 4177 is a life-or-death line; if it breaks, it may go to 4036 or even 3873!
3️⃣ MACD indicator: DIF (151.58) is still above DEA (129.79), but the MACD histogram is shrinking, indicating weakening bullish momentum and a need for new news to stimulate!
💥 News front: Tonight at 8:30 will determine life or death!
The U.S. will announce the number of unemployment claims and PCE data (inflation indicator); these two data points will directly determine whether ETH is 'launching like a rocket' or 'free falling':
🚀 Situation 1: Positive data (many unemployed, low inflation)
The market will interpret this as 'the Federal Reserve may cut interest rates,' and funds will rush into ETH!
Market trend: First break through the resistance level of 4682, then hit 4800! However, there are many trapped positions near 4800, so it may not hold steady.
Trading strategy: After stabilizing at 4682, you can take a small position to go long, targeting 4800!
📉 Situation 2: Negative data (few unemployed, high inflation)
The market will panic, thinking 'the Federal Reserve will raise interest rates again,' and funds may sell off!
Market trend: It may directly fall below 4500, testing the middle band support at 4280, or even go to the key level of 4177! However, there is strong buying below 4300, so it may not break.
Trading strategy: If it falls below 4500, you can short in the short term, targeting 4280-4177!
🎯 Summary: How to operate tonight?
Do not take heavy positions before the data, wait for the direction to be clear before acting!
Bullish market: Break through 4682 and go long, targeting 4800!
Bearish market: Break below 4500 and go short, targeting 4280!
Tap the profile picture, follow me, and tell me your thoughts on the current market! Let's chat in the comments! Opportunities and risks coexist in the crypto world, stay alert, and seizing the right moment is key.