April 11th, $ETH Battle Report: The 1500 USD lifeline was held, but a bigger thunder is overhead
The early session spike exposed the main force's bottom card
ETH opened this morning at 8 o'clock, plummeting to 1504 USD, instantly blowing up 230 million USD in short positions, followed by a violent rebound. The 4-hour line closed at 1546.7 USD, precisely capped above the Bollinger Band middle track of 1540.46. The manipulation by the whales was ruthless—1504 is just above the last defense line of the weekly support at 1384.06, with 125,000 option contracts evaporating at this position.
1: The technical side hides triple killing opportunities
1. Bollinger Bands narrow to a death triangle: The upper track at 1671.02 coincides with the weekly resistance at 1650, and the middle track at 1540.46 becomes the intraday long-short meat grinder.
2. MACD underwater golden cross but with volume divergence: The 4-hour trading volume shrank by 37% compared to yesterday's crash, relying entirely on futures leverage for the rise.
3. CME gap at 1618 looms overhead: The interest rate hike gap from March has not been filled, and breaking through 1600 will trigger algorithmic trading sell-offs.
2: Two heavy blows from the news side: The SEC delays BlackRock's Ethereum ETF decision to May 23rd, but the Deutsche Börse has swiftly launched ETH staking futures. Hedge funds are accumulating through dark pools. Keep a close watch on Coinbase's premium rate tonight; if the premium drops below 0.8% after the US market opens, be wary of spot selling pressure.
3: Tonight's lifeline operations
1. Long survival: Firmly hold the middle track at 1540.46, and if it breaks through 1578 USD (4-hour EMA144 resistance) with volume, algorithmic buying will be triggered.
2. Short nuclear bomb: Breaking through 1504 will trigger on-chain liquidations; the lower Bollinger Band at 1409.91 is just an appetizer, while the weekly support at 1384.06 is the real execution ground.
Let's talk about truths that others dare not touch
1. For spot players, do not reach out at the current price; confirm a breakout at 1578 before re-entering, and escape immediately if it falls below 1533.
2. Suggested order placements for contracts: Long at 1521 (today's spike rebound starting point) and short at 1563 (1-hour chip peak).
3. If the Federal Reserve's minutes in the early morning hint at a June rate hike, the ETH/BTC exchange rate will definitely break 0.052; those holding altcoins should quickly switch.
I am Aqi, focusing on extreme market breaking, only taking true warriors to score.
