Did ETH's rebound fall short? This market has a 'factory assembly line' style📉
Dear Binance friends, I am Arthur. This ETH rebound is like a screw on a factory assembly line; it tightened a few turns but then slipped — rebounding from 1472 to 1384, just when it wanted to stand up, it was again sealed by a 'bearish engulfing'!
📊 Market Analysis:
- K-line: Red three soldiers → bearish engulfing, short-term sentiment turns weak;
- MACD: Golden cross hesitating, green bars still online;
- EMA: Short-term moving averages suppressing, long-term EMA pressing down;
- BOLL: Fluctuating close to the middle line, still several levels away from the upper line.
📌 Key Levels:
- Support: 1410 (bottom line alert ⚠️);
- Resistance: 1636 / 1721;
- Stop-loss levels: 1380 (long position), 1813 (short position).
Do you think this is a 'false rebound' or 'accumulation gone wrong'? Let's discuss in the comments!
I am Arthur, follow and comment, the top team's free consultation channel is open to you, serving only the ambitious madmen. $BTC $ETH $XRP