The truth behind last night's ETH crash! PPI data + regulatory storm double whammy, technical analysis suggests a rebound is imminent?!!!

News: Three major triggers ignite panic

Macro black swan: US July PPI rose 0.9% month-on-month, exceeding expectations. Market expectations for the Federal Reserve to cut interest rates in September reversed, concerns about interest rate hikes resurfaced, and the cost of risk assets soared.

Leverage cascade: Over 210,000 people were liquidated within 24 hours, with a total amount of $1.047 billion. High leverage in derivatives became a 'downward accelerator'.

Regulatory hammer: Hong Kong's 'Stablecoin Ordinance' landed, global crypto regulation is tightening in many countries, and soaring compliance costs are suppressing market sentiment.

Technical Analysis: $4363 Becomes the Line of Life and Death

Key Level Game:

Support Level: The $4363-$4472 range is a densely traded area in the past month. If it breaks, it may trigger a chain of stop losses.

Resistance Level: $4664. A breakout requires volume support.

Moving Average Signals: MA5/MA10 crosses above MA20, but does not touch MA60. A short-term rebound needs to break through $4664 to confirm the trend.

Indicator Warnings: The MACD histogram continues to be negative, with the bears dominating; the KDJ value of 104 is overbought, beware of the risk of a pullback.

Tege's View: Is the crash a 'golden pit' or a 'Waterloo'?

Short-term Look for a Rebound: If the $4363 support is effective, consider lightly trying a long position, targeting $4664. Beware of a 'bull trap': Current market sentiment is extremely fearful, and rebounds are prone to selling pressure. Set the stop loss at $4300.

Medium- to Long-Term Caution: Regulatory uncertainty + macroeconomic pressure, ETH needs to break through the historical high of $4866 to confirm the return of the bull market. Pay attention to the Fed's actions in September and the progress of ETH ETF approval. Institutional funds may become a key variable.

Last night's crash was the result of a resonance of 'macroeconomic headwinds + emotional stampede', with technical analysis showing $4523 as the short-term dividing line between bulls and bears. It is recommended that retail investors avoid blindly buying the dip and wait for a volume breakout signal; long-term investors can pay attention to the layout opportunities after the ETF is approved and the Pectra upgrade is implemented.

Tege's sickle is faster than the market maker's! Follow me and I'll teach you how to counter-harvest the market!#美国7月PPI年率高于预期 #加密市场回调