The daytime market basically aligned with what Old Chen said at noon, with no significant moves. This is not a coincidence but rather a grand play directed by the main force of 'panic washing + mild absorption'. The current price is like being pressed on a spring; the harder it is pressed, the clearer the rebound space becomes.
Old Chen boldly predicts: Tonight's market will reverse! 4,500 is a must!
Just now ETH attacked 4,460 but quickly retreated, clear selling signal. This is not the end of the market - this is the main force handing you a VIP ticket to get on board. The harder the selling pressure, the greater the chance of a surge tonight.
Market sentiment has quietly shifted. Although the volume has not fully caught up, the rebound is slightly cautious, but the news front has quietly ignited three flames:
1: The US dollar can't hold up any longer!
The Federal Reserve is in a dilemma, Powell does not dare to act rashly, Trump is still stirring the pot, and the dollar's rebound is basically hopeless. Funds are rushing into Bitcoin and Ethereum seeking refuge, and there is a high probability of a violent surge in the short term, making it difficult for the bears!
2: The national level has begun discussing Bitcoin!
Swedish lawmakers openly support Bitcoin and will hold meetings to promote recognition! What does this mean? Bitcoin is changing from a 'speculative target' to a 'legitimate asset'! Market sentiment is on the verge of an explosion, and funds are flooding in, a surge in the market is about to come!
3: Listed companies are buying heavily at the bottom!
Thai listed company RSXYZ announced: Holding 3,333 bitcoins for three years! Institutions are entering with real money, this is not a test, this is faith! The bull market pattern is becoming more stable, hold the chips, hold the future!
Old Chen is not blindly optimistic, but reads signals from the main force's actions. The current tactics of the operators resemble 'washing while absorbing', not rushing to pull up the price, nor allowing a big drop. The KDJ golden cross is emerging, and the moving averages are gradually converging, indicating that short-term repair momentum is accumulating. Once the volume suddenly increases tonight and stabilizes above 4,500, it is likely to trigger a new round of offensive - chasing at that time would be a step behind.
=== Old Chen's Wealth Code ===
Support: 4,380-4,400 (bullish defense line), 4,310 (lifeline, breaking needs caution)
Pressure: 4,470-4,500 (first hurdle), 4,550-4,620 (can look up after breaking)
Watershed: 4,500. Once above, it opens up upward space; breaking below 4,380 returns to a consolidation pattern.
Dip buyers: Stabilize on the pullback of 4,380-4,400 to gradually position, set stop-loss below 4,350, target 4,470-4,500;
Breakthrough faction: Wait for the solid bullish line to stabilize above 4,500 and accompanied by increased volume before following, target 4,550-4,620;
In summary: The panic selling and washing of chips has passed halfway, what is missing is just a volume spike. In my view, this round of ETH adjustment resembles a 'fake fall', rather than the end of the trend. There are no deities in the cryptocurrency circle, only smart people who can read signals. Old Chen's articles do not boast or paint a pie in the sky, only teach you practical survival skills. Follow Old Chen for daily boarding strategies and know in advance.
