The market is like a casino, and news is the dealer's dice cup. K-lines are merely the chalk marks that gamblers use to keep score.
Staring at the ETH four-hour chart feels like watching the casino's dice cup being unveiled, with the price stuck at the critical line of $1797, both bulls and bears slamming chips down with deafening noise.
Let’s uncover the secrets hidden in this K-line chart while decoding the three major bombshell news from this morning.
Three strange signals from the market:
1. The upper and lower Bollinger Bands coincidentally overlap at $1690.81, while the middle band is secretly tilting to $1864.62. The dealer's "drawing a line in the sand" is cleverly played; on the surface, it seems calm, but in reality, it's hiding a directional explosive trap.
2. The order book reveals its true form: around $1797, there are 42.66k buy orders stacked up, resembling thirty ATMs lined up ready to spit cash. But above, at $1837, there are 209.92k sell orders pressing down, this wall is three times higher than the Shanghai Tower.
3. The open interest hides a deadly trap: 45.6% of the $13.83 million contracts are betting on the $1797-$1800 range, akin to gamblers collectively piling their chips between the roulette "0" and "00"; a slight shake of the table could trigger a chain reaction of liquidations.
This morning's must-watch three signals:
1. BlackRock increased its holdings by 3,215 BTC ETF at 3:17 AM, causing a massive ripple in the crypto market.
2. A new memo from an SEC commissioner was leaked, specifically naming ETH staking as potentially constituting "securities lending."
3. On-chain alert: An address starting with 0x8c3 has crazily funneled 92,000 ETH into Binance, comparable to a vault being broken open in a casino.
Survival operation guide:
Short-term players should "dance on the knife's edge": go long at $1791.4, and short at $1836.
Remember to set a stop-loss at $1790, while long-term players should keep a close eye on the warning line at $1690.81: wait for more than three transactions of over 10,000 ETH recharges on-chain before bottom fishing. This is a better strategy than a fortune teller's precise contract killing move: the volatility compressed to 21.97% means the powder keg is fully loaded, and don't exceed a 20% position, just like you wouldn't smoke in a dynamite store.
Remember, if it breaks $1864.62, blindly chase the rise; if it breaches $1690.81, run for your life. In this casino of a market, staying alive is the hard truth!
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