Is the main force playing Tetris at 4500? Be careful of the ETH floor collapsing today!
In the early session, staring at the 1-hour candlestick, my blood pressure shot up—I felt the upper resistance at 4794 pressing down like an iron pot lid, and the lower support at 4473 shaking precariously, with unemployment benefits + PPI double negative news bombs sandwiched in between! This market feels like walking a tightrope in a typhoon; if the main force makes even the slightest mistake, the whole scene could collapse in a minute.
Here are my personal views:
Retail data is today's powder keg! The expectation of 0.6% looks like a passing score, but the Federal Reserve is now a 'PTSD patient from inflation'—data exceeding expectations? Directly interpreted as 'Interest Rate Ammunition +1', ETH will definitely smash through 4473 and rush towards 4400! Even if the data fortunately meets the standard, there are still two layers of 'dead bodies everywhere' at 4750 and 4707 that are stuck. A rebound? I truly say: don't believe it!
A practical lesson:
Last month during the CPI night, I personally witnessed 4500 spike down to 4420. How many people bought the dip halfway? Today's situation is even more dangerous—before the data release, there’s a clear volume contraction and sideways movement, obviously the market makers are digging pits waiting for retail investors to jump in!
Lastly, I'll leave a hook:
Tonight we will either witness the 'Iron Bottom Myth' or witness the 'Great Collapse of the Bulls'. I will be live in the studio at 2 AM, teaching you step by step how to use 'Negative News Shells' to scoop up chips! The trading group brothers have already set up short orders at 4450 for the breakout last night, follow me!
Remember: Make money from volatility in a bull market, and earn chips in a bear market. What you're lacking is not courage, but the coordinates to shoot!
