Sideways movement is not a safe harbor but a slaughterhouse where bulls and bears sharpen their knives!
Technical analysis: The candlestick is 'playing dead', but in reality, it's licking blood on the knife's edge.
The BOLL channel is squeezed like a rush hour subway, with ETH lying flat around $4766, the MACD red bars shrinking to a line, and the RSI three lines stuck at 50 acting as 'sandwiches' – is this sideways movement? Clearly, the bulls and bears are playing 'statues', and whoever moves first loses! History doesn't lie: after the same 'playing dead' in May 2021 and November 2023, it either plunged 40% or skyrocketed. The more tangled the indicators are, the more extreme the subsequent market will be; retail investors shouldn't be fooled by the 'calm'—the big players are waiting to harvest the chives.
Volume 'impotence': Is it false weakness or real accumulation?
Yesterday's surge of 15% was like being injected with adrenaline, today the volume directly 'dropped' to half. Those chasing highs are secretly unloading, new funds are waiting for a pullback, and shorts are too scared to make a sound—the market is like a nightclub that suddenly lost power in the middle of a dance party, everyone is frozen. But on-chain data has exposed it: the staking volume has broken 30 million coins, yet exchange balances have risen by 2%, with whales shouting 'HODL' while moving ETH to exchanges, clearly 'repairing the road while secretly moving the cargo'.
Retail vs. Institutions: Who is 'holding back their big move'?
Bulls are holding onto spot waiting for institutions to pump, while bears are shivering in the corner, the market sentiment is like a top student before an exam—looking blank, but calculating intensely inside. But be careful! The Fed's 'no interest rate cut' can make ETH on exchanges plummet like 'free fall'. Retail investors shouldn't be 'the ones catching the falling knife'; for short-term trading, consider high selling and low buying between $4700-$4766 (stop loss at $4680!), and for long-term, focus on U.S. stocks—ETH and Nasdaq are currently 'joined at the hip', moving in sync.
Qing Yao reminds: Sideways movement is not a safe harbor; it's the 'silent mode' before the storm! The big players are sharpening their knives, and retail investors shouldn't be the meat on the chopping block—either get in and out quickly or buckle up. Remember: bull markets die from FOMO, bear markets perish from bottom fishing, sideways? It's a killer for indecisive 'fence-sitters'! Inform @加密青遥 to help you turn the tide against the wind! #ETH创历史新高
