$ETH Short-term Trend Analysis: Market Consolidation and Trading Strategy
ETH has retreated from a high of $4957, reaching a low of $4331, and is currently fluctuating around $4378.
Overall, although there are signs of short-term overselling, the rebound strength is weak, and the trend remains bearish.
Key Technical Indicator Analysis: Bollinger Bands: $ETH has broken the lower band, and there may still be downward pressure in the short term.
MACD: The death cross signal has not dissipated, and the bearish strength is dominant, with significant short-term downside risk remaining.
Market Sentiment: The continuous sell signals indicate that bears are still dominating the market.
Key Support and Resistance Levels: Support below: 4330-4300 range; if broken, further decline to $4200.
Resistance above: 4480-4500, close to the 30-day EMA; this area is the main resistance for short-term rebounds.
Trading Strategy: Aggressive Short Position: If the price rebounds to the 4485-4500 range, consider placing a short position with a stop loss at 4600, targeting sequentially at 4400, 4300, and 4200.
Cautious Long Position: If $ETH stabilizes around 4330, a small position can be considered for a long, with a stop loss set below 4300.
Risk Control Suggestions: Position Control: It is recommended that contract positions do not exceed 5% with 100x leverage.
Stop Loss Setting: Ensure every trade has a stop loss and strictly execute risk control strategies.
Market Volatility: Please be aware of ±10 points floating risk and avoid emotional trading.
In the short term, although ETH has a demand for correction, the overall bearish advantage remains strong. It is advised to operate flexibly in conjunction with risk control strategies.
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