Powell's Dovish Stance, #ETH Opportunities and Risks Coexist! Short at Current Price, Betting on a New High
Federal Reserve's Powell has signaled a dovish stance on interest rates, and the market is betting on a significantly increased probability of a rate cut in September. The liquidity easing benefits ETH as a high Beta asset.
However, ETH has short-term risks. The 4-hour RSI is overbought technically, and there is uncertainty regarding interest rate cuts and the approval of staking ETFs. Additionally, BlackRock's suspected liquidation of ETH raises concerns about whale sell-offs and potential flash crash risks.
In terms of operations, it is possible to short at the current price looking towards the 4500-4600 range. Upon reaching the take-profit level, one can reverse and go long, targeting the next new high!
Later, I will publicly share details on the internal luxury group, including when to enter, when to exit. How to capture strong coins? What to set for take-profit? The top performers will inform fans in the luxury group immediately. As long as you follow my thoughts and execute what I say, you will surely profit!
