ETH Uncle Feng's Bearish Market Analysis Strategy in the Early Morning

Recently, ETH has shown a bearish trend during the early morning hours, attracting the attention of investors. We conduct an in-depth analysis to provide everyone with

2. Analyzing the Reasons

• Profit Taking: The previous rise in ETH has accumulated a large amount of profit, and the low liquidity in the early morning market leads investors to lock in profits through selling, which can easily trigger significant price fluctuations.

• Technical Indicators: The death cross of the moving average indicates a downward short-term trend; the RSI turning down after entering the overbought zone suggests weakening upward momentum; prices touching the upper Bollinger Band and retreating with an opening trend at the lower band imply potential further downward movement.

• Macroeconomic and Market Sentiment: Global economic data is not ideal, investor risk appetite is decreasing, and funds are flowing out of the cryptocurrency market. Some developments in cryptocurrency regulations have also raised concerns, increasing selling pressure on ETH.

3. Investment Strategy

• Short-term Speculation: You can short when the price rebounds to around 4345-4365, targeting around 4290-4220.

• Risk Management: Asset allocation should be diversified, not putting all funds into ETH. Maintain rationality and calmness, and avoid blindly following trends. #ETH🔥🔥🔥🔥🔥🔥