Breaking Down Today's Operations with Cryptocurrency Jargon:
Key Phrase Setting
"Bollinger Bands have narrowed to a single line, the whale is holding back to shoot arrows"—ETH is currently stuck at $1842 on the brink of life and death, with the Bollinger Bands' upper and lower bands narrowing to the tightest in nearly a month, it feels just like the Tiger machine is about to announce a result, a reversal is imminent today!
Three Tricks to See Through the Whale's Cards
Bullish Ammo Running Low
Open interest has fallen for three consecutive bars, and large holders are quietly withdrawing funds. The MACD red bars are shortening but the volume is weak, when it surged to $1833, the trading volume shrank by 40% compared to the previous high, a typical "false climax", identical to the May 6th baiting strategy. The spike to $1774 is the whale testing the stop-loss line.
Death Triangle Pressing Down
Prices are being pressed by three moving averages:
EMA7 is like a guillotine hanging over EMA30 which is the last line of defense, EMA60 is the ultimate graveyard.
A breakthrough at $1850 is needed to change the trend; otherwise, it will certainly test $1774.
Main Force's Hidden Bomb Points
The right-side orders show:
$1842-$1850 is stacked with $43 million in short orders, while below $1774 there is dense long order defense.
The whale is laying bombs at the resistance level, specifically targeting retail investors chasing after rises.
News Nuclear Button
Tonight at 20:30 the U.S. CPI data is a nuclear bomb—higher than expected will directly crash the market. Coupled with the Ethereum ETF approval window, the SEC might delay, these two factors could slice ETH by 10% volatility.
Counter Strategy Guide
Aggressive Side: Open 5% short position at the current price of $1842, if it breaks $1850 with volume, stop-loss and reverse to chase long.
Conservative Party: Place an order at $1774 to catch falling knives, place an order to chase the rise if it breaks $1850.
Contract Dogs: Open reverse orders in the $1804-$1833 range to grab $50 and run, stop-loss set at $20.
Ultimate Reminder
This market is like a "high-stakes Texas Hold'em"—
Bulls hold the ETF cards, bears use CPI as a straight flush, and the whale is raising the stakes. Remember:
The longer the Bollinger Bands stay tight, the sharper the scythe becomes, after the third false breakout, there must be a genuine move. Clear positions one hour before tonight's CPI, don’t gamble your life against the Federal Reserve.
As the market continues to change, we must closely monitor market signals and seize new entry opportunities. Like + comment, and we'll guide you through the bull market to firmly grasp this major opportunity!
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