The technical analysis reveals a 'death triangle', with the main force's orders hiding a deadly threat.
From the 1-hour candlestick chart, it can be clearly seen that ETH has formed multiple false breakouts near 4365, luring buyers in; the MACD indicator shows a significant bearish divergence, and over 18,000 ETH sell orders are gathered in the 4380-4400 range. More critically:
If the support at 4280 is broken, it will trigger a chain liquidation of leveraged long positions worth $420 million!
The 4250 defense line is the dividing line for bulls and bears on a weekly level; losing it could lead to a rapid drop to 4150 or even the 4000 integer level!
The candlestick pattern shows that an 'ascending wedge' has formed at 4365, and the continuous shrinkage of trading volume indicates that a change is imminent! Retail investors blindly bottom-fishing at this moment is equivalent to actively taking over!
News bomb will explode tonight! U.S. CPI data may tear the market apart
Beijing time 20:30 will release the U.S. August CPI data (forecast value 3.6%, previous value 3.2%). If the actual value exceeds 3.7%, it will significantly strengthen the Federal Reserve's interest rate hike expectations, leading to a bloodbath in risk assets; if it is below 3.5%, it may stimulate ETH to short-term surge to the pressure level of 4430.
Historical data is alarming: The average flash crash amplitude of CPI in the past six months has reached 8.3%; ETH's overnight fluctuations of over 400 points have become the norm! Retail investors holding positions bare are no different from gambling!
Emergency Strategy: Retail investors must do three things tonight
Position Holders: Immediately reduce positions by 60% in the 4360-4380 range, strictly set a stop loss at 4280
Short Sellers: Open short positions immediately after breaking 4280 on the rebound, with the first target at 4250 and the second target at 4150
Leverage Players: Must reduce leverage to below 3 times before 20:30 to prevent a flash crash!
Follow Lan Xuan, join Lan Xuan's top team, let me lead you to turn the tide, and embark on a steady journey to recover costs and achieve continuous profits together!
