The evening star structure has formed, patiently wait for the waterfall inside! 4.27 Big Pie Auntie's Thoughts
From the news perspective, the situation between India and Pakistan is escalating. The Israel Defense Forces stated that if negotiations between Israel and Hamas continue to be stalled, they are prepared to significantly expand their military offensive against Hamas in the Gaza Strip. Additionally, regarding tariff negotiations, the nation stated that unless China makes substantial concessions, the additional tariffs on China will not be lifted. Over the past week, the U.S. has been sending chaotic and even contradictory signals regarding tariffs on China.
From a technical perspective, after seven consecutive daily gains, the market opened lower this morning, forming a standard bearish candlestick doji, a very obvious evening star structure. According to this structure, the price is likely to retrace to the middle band or even near the lower band!
Recently, capital has been pushing, and Ethereum is currently still blocked at the 1850 level. The resistance at the daily 60-day moving average is around 1870. Although there is still a possibility of a rebound, Conan is more optimistic about a retracement for correction. Therefore, for intraday operations, Conan suggests mainly shorting from high positions! The upper resistance levels to watch are 95300, 96000, and 97000, while the lower support levels are 92800, 91600, 90800, 90000, and 89200.
4.27 Big Pie Trading Thoughts: For aggressive traders, enter short at the current price of 94800-95300; for conservative traders, enter at 95500-96000, with a stop loss near 97000 and target around 94000-92800-92000-91600. If broken, watch for 91000-90800-90000.
4.27 Ethereum Trading Thoughts: For aggressive traders, enter short near the current price of 1840; for conservative traders, enter near 1870, with a stop loss near 1900 and target around 1780-1750-1730-1700. If broken, watch for 1670-1650.
Long Position Thoughts: Since funds are not withdrawing, the price decline is limited. Therefore, you can enter long near important resistance levels during the retracement. For Big Pie, enter long at 91000-91600, with a stop loss near 90500 and target around 92000-92500-93000. For Ethereum, enter long at 1650-1680, with a stop loss near 1620 and target around 1720-1750.
Friendly Reminder: Following trades carries risk, enter with a good stop loss to control risk, and gradually move the stop loss to protect profits! Do not hold heavy positions! Preserve your capital to have the opportunity to make profits! #以太坊的未来 #特朗普暂停新关税