"When the Bollinger bands tighten to the extreme, it either skyrockets or plummets — right now ETH is stuck on this powder keg!"
Market quick diagnosis (combined with today's news):
Technical analysis:
Price is pinned at 4315U (below the middle Bollinger band of 4574, like a student punished by the teacher)
MACD red bars are shortening but the volume is weak (like a person trying to lose weight, gasping after running two steps)
Key support at 4250U (tested 3 times in the last 24 hours without breaking, like an indestructible cockroach)
News front (sudden event today):
BlackRock's ETH spot ETF has been postponed again (negative news, but the market has priced it in in advance)
A certain whale transferred 120,000 ETH to the exchange in the early morning (possibly preparing to dump?)
Federal Reserve officials hawkishly state "may raise interest rates again" (dollar index rises, Bitcoin under pressure)
My viewpoint (with case studies):
The current market resembles the replica of March 2023 —
At that time, ETH was also stuck at the lower Bollinger band, and after 3 days of sideways movement, it suddenly surged 15% (a classic method of market manipulation)
But! If 4250 fails tonight, it could likely replicate the flash crash in June (when it dropped 8% in one hour)
Personal sentiment:
Watching this sluggish market is like waiting for the food delivery guy —
I'm afraid it might come too slowly (sideways market consumes patience)
I'm also afraid he might take a fall (sudden breakdown)
Operational strategy:
Bulls: Wait for a volume breakout above 4400 to jump in (buying the dip now is like catching a flying knife with bare hands)
Bears: Can chase below 4250 (but set a stop loss at 4300 to prevent a false breakout)
Spot traders: Place orders at 4200 to buy (near institutional cost line, relatively safe)
Zeus's summary
Want to know how I rolled 300U into 5WU in a similar market?
Pay attention to tomorrow's release of (volatility market harvesting guide)
(Tip: The key is "buy spot during a decline, hedge by shorting during a rebound")$ETH
