Crypto friends, I am the God of Wealth! Today $ETH this market, is it making you confused again? Yesterday's U.S. CPI data just triggered a wave, and today the Bank of Japan raised interest rates, yet ETH not only didn’t drop but surged directly above 2900! Many people are starting to get tangled: is this market going to break through 3000 and charge towards 3100, or is it going to turn around and drop below 2870 to find support at 2770? Don’t rush, pay attention to the God of Wealth, and I’ll explain it clearly in simple terms, along with some practical advice!
News:
The Bank of Japan raised interest rates by 25 basis points, reaching a 30-year high. Logically, this should be bad news, right? But the market surged instead. Why? Because the rate hike was already anticipated, and once the bad news was fully priced in, it became good news! Additionally, last night's U.S. CPI data was mild, showing that inflation is not so alarming, which encouraged funds to come in and play. So, today's rise is not a real strong trend, but more like a rebound driven by 'news speculation.'
Technical analysis:
From the one-hour K-line chart, ETH opened at 2834, surged to 2934, closed at 2901, with an increase of 2.38%, but be careful: it is still below the rebound resistance level of 3000! The key level of 2870 has not been broken, but the MACD white and yellow lines are below the zero axis and have a golden cross, which looks like it might go up, though the volume may be shrinking—indicating insufficient upward momentum, which may be a 'false golden cross'. Capital flow data reveals the truth: short-term funds are entering, but long-term funds are leaving! This indicates that large players are secretly offloading while taking advantage of the rebound; retail investors should not be foolishly catching the falling knife.
Daily sharing from Rui Shen. If this helps you, you can follow Rui Shen to get first-hand news and entry points in the chat room!
Rui Shen's opinion:
Rui Shen believes ETH will find it very difficult to truly break through 3000 today! Why? Firstly, the overall trend is still downward, with heavy resistance levels; secondly, long-term capital outflow from major players indicates that they are not optimistic about sustained increases.
Therefore, the market is likely to encounter resistance in the 2950-3000 range, then turn downwards. If it breaks the key level of 2870, the next stop will be the support at 2770. But be cautious, if it unexpectedly stabilizes above 3000, it might short-term test 3100, although the probability is low—because the impact of Japan's interest rate hike is still ongoing, and global funds tightening is not good for cryptocurrencies.
Retail trading advice:
Don't chase the highs! Now that it has risen to over 2900, if you rush in, you will just be the 'bag holder'.
Shorting opportunity: Short at highs in the range of 2950-3000, first targeting 2850, and if it breaks, look at 2770. Remember, keep your position light, don’t go all in!
For those looking to go long: Just wait for a pullback near 2770 to try for a rebound, get in and out quickly, and run if you make a profit.
If you always feel one step behind the market, constantly experiencing 'buying and it drops, selling and it rises,' then let me tell you, it’s not that you lack analysis, it’s that you lack a professional guide who can remind you in real-time when 'opportunities are here' and 'run!'
If you don’t know how to time the market, you can follow Rui Shen, who will analyze in real-time in the chat room and provide the best entry points currently!! #比特币波动性 #ETH走势分析
