Brothers, the ETH four-hour chart has completely broken! Every rebound now is a chance to escape! Hong Hu clearly tells you: Unless the four-hour level closes and stabilizes above 4130, any rebound is a trap to entice buyers! Tonight, Powell's speech may very well become the last straw that crushes the bulls!
Powell's speech
Tonight at 00:20, every word from the Federal Reserve Chairman will determine the fate of ETH. Currently, the market's expectation for an interest rate cut is as high as 97%, but Hong Hu wants to remind you: Once Powell releases hawkish signals, a crash will ignite instantly! Those retail investors leveraging long positions may very well be completely wiped out tonight!
Technical Analysis
The key resistance zone of 4069-4132 has become a death zone, with continuous shrinking volume indicating that the main players are retreating. Even more deadly is the frequent alternation between golden crosses and death crosses, indicating that the market has completely lost its direction! Now, the lower level of 3900 is the first line of defense, and 3800 is the real battlefield. Remember this saying from Honghu: below 4130, all rises are just dying embers!
Although the trend is downward, Honghu has discovered a secret that the main players are unwilling to reveal: once it falls below 3800, it will form a weekly-level bottom divergence, which could be the best bottom-fishing opportunity this year! But which specific position is safe to enter? What signals must appear to enter? It's inconvenient to elaborate here...
Retail Investor Survival Guide
Immediately clear all leverage, retaining 50% cash.
Set an alert at 3930; a break must trigger a stop-loss.
Wait for Honghu to release the bottom-fishing signal in the village before taking action.
Want to know how to accurately seize the rebound opportunity after this plunge? Keep up with the rhythm, but stay calm! Follow Honghu to get the movements of smart money in real time! Join Honghu and participate in every attack by the villagers! Honghu will announce the specific entry times and real-time news in the village every day! #加密市场回调