How should we analyze $ETH in the near future?
Attention all traders! The recent surge of Bitcoin breaking $90,000 looks exciting, but it actually hides some secrets!
The $96,000 level is like a pressure relief valve on a pressure cooker. Last week, it tried to reach $96,500 three times but was pushed back each time. The signs of the big players frantically accumulating in the $95,000-$96,000 range are quite obvious.
A weekly target of $100,000 seems tempting, but the daily MACD red bars are shrinking faster than a novice investor! This isn't a breakout; it's clearly a trap to lure in buyers!
Focus on two key levels: $96,500 and $93,000. If it can't hold above $96,500 for three consecutive days, the entire upward channel is likely to collapse. The big players are currently playing a psychological game, keeping stop losses above $97,000, just waiting for you to chase the high and become cannon fodder.
Remember, this position change is like defusing a timed bomb; the fuse has already burned to the very last segment!
Ethereum is even scarier! Although there are signs of a rebound on the weekly chart, the $1,900 level acts like a glass ceiling, and every attempt to surge above it has been pushed back to $1,780.
Look at the recent three attempts to rise to $1,850; it’s like triggering an electromagnetic catapult, sending the price straight back to $1,750. Those shouting "breakout of the previous high" might have forgotten the brothers who were trapped at $1,800 back in March?
If it falls below $1,700, it will head straight down to the annual support level of $1,600. The market is like a pressure cooker, ready to explode at any moment!
Are you trapped? When to bottom fish? Still the same saying, feeling lost and helpless not knowing what to do, click on the profile picture to comment. I need fans, you need references.
