After the early price surged to 4956.78, a downward trend began, breaking through the middle band of the Bollinger Bands, with bearish forces dominating. Recently, after oscillating at a low level, there has been a slight rebound, breaking above the area near the middle band, showing signs of a short-term halt in the decline.

The Bollinger Bands first expanded and then narrowed, with the upper and middle bands currently trending down while the lower band is flat, indicating that the downward trend has eased, but a reversal in the overall trend requires a breakthrough and stabilization above the upper band. In the short term, if the rebound can continue to break through the upper band, it is likely to extend the rebound; if it encounters resistance and falls back, it may return to low-level oscillations or even revisit previous lows, so attention should be paid to the breakthrough situation at the key resistance level of 4550.

Going forward, we will rely on key positions above and below to make arrangements. Personally, I, Lao Wang, still suggest focusing primarily on long positions at lower levels, relying on the lower level of 4480 to arrange long positions $ETH #加密市场回调 .