📣CPI data is about to be released, how can we seize this opportunity?

Yesterday's trend was influenced by speeches, and driven by the rise of US stocks, Bitcoin and Ethereum surged. Tonight, it is worth paying attention to: 1: The impact of CPI news, 2: The trend of US stocks. From the current trend, the volatility is not large; the trend is waiting for data and the opening of US stocks. How should we operate today to grasp stable profits in the face of data:

【Analysis of Ethereum price trend from the four-hour perspective】

Candlestick pattern:

Recently, the price experienced a rapid rise followed by a pullback in the 4-hour cycle, forming a large bearish candlestick, indicating market selling pressure. On the daily level, there has been significant volatility in the past few days, and it is currently in an adjustment phase, likely continuing to seek support.

Technical indicators:

MACD: Currently in the negative zone, but showing signs of narrowing, indicating that the downward momentum is weakening, and a rebound may be on the horizon.

RSI: Value close to 50. Has not entered the overbought or oversold range, showing no obvious trend direction in the market for now.

EMA: Short-term EMA7 is below the medium to long-term EMA30 and EMA120, indicating a short-term bearish bias, but if the price continues to stabilize, it may gradually shift to bullish.

Trading volume:

During periods of sharp rises and falls, trading volume increased significantly, indicating intense market sentiment. Currently, trading volume has decreased, suggesting that the market is digesting the previous volatility and waiting for a new direction.

Stable profit layout for Ethereum on the evening of 4/10:

It is recommended to enter a short position around 1600-1590, with target points: 1550-1530-1480.

If the trend retraces, it is recommended to add to the short position near 1630, with target points: 1600-1580-1530.

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