Brothers, keep your eyes on the screen! This morning's script can be described as a 'faith strangulation': ETH's early morning false move lured longs, spiking to 110,530.17, leading many brothers to believe the bull was back, and they jumped in with leverage. What was the result? A precise hunt by bears! The price free-fell through key levels, plunging straight into the current core area - the 104,227 zone! Take a look at the depth chart on the right; orders are extremely dense around 104,227.XX (like 104,227.95 buy/104,227.65 sell), with a委比 of -0.98% revealing a chill - selling pressure slightly outweighs buying, and the bulls are clearly struggling to prop the market! (Core correction point: Clarify the latest price, highlighting that 104,227 is a dense trading area rather than the integer level of 104,000)
Three technical guillotines (data synchronized and corrected):
MACD dead cross remains: The lower MACD double lines are hanging high in a dead cross; although the red bars have shortened, they have not turned green - bearish momentum is slightly diminishing, but it is far from a bullish counterattack! (Correction point: Red bars have not disappeared, and no effective green bars have appeared)
Moving average system under pressure: All cycle moving averages (yellow, white, purple) are arranged bearishly, firmly pressing down on the price. 106,000 has become a strong resistance ceiling; want to turn the tide? You must first withstand the layers of selling pressure above!
The liquidation bloodbath hasn't stopped: This sharp decline will inevitably lead to a chain liquidation of high-multiple contracts! Keep an eye on it; over a million dollars were concentrated near 104,300 in liquidations - this is the fuel source for the bears' continued push!
News update (in conjunction with today's dynamics):
BlackRock ETF faces new variables: This morning there were rumors that the approval process encountered technical delays (not a rejection); although not fatal, it is enough to trigger expectations to loosen in a fragile market - the hot money that previously speculated on expectations is accelerating its withdrawal! (Core of the news)
Whale activity signal: On-chain data shows that a certain whale address transferred 50,000 ETH to Binance within an hour; given this sensitive position, this greatly intensifies market selling panic! (Strengthened by the example)
Blogger's opinion (operation synchronized and corrected):
“104,227 is not an iron bottom, but a powder keg!” Personally, I have reduced the spot position to 15% and strictly set a stop loss at 104,100 (must cut if broken)! The historical lessons are profound: Before the FTX crash last year, it repeatedly 'lured' at critical points, ultimately burying countless bottom-fishing positions! The core of the current strategy: Strictly control positions and closely monitor the gains and losses at 104,227!
If it breaks below 104,200 with volume (especially piercing 104,100) -> Stop loss and hedge, looking down at 102,500!
If it stabilizes above 104,227 and breaks 105,000 with volume -> Lightly enter long (quick in and out), target the resistance zone at 106,000!
Hook End:
“Battle of Long and Short at 104,227” - What do you think is the probability of holding today? Leave a message to share your defense/attack strategy!
“To cut off one's wrist or to hold on and wait for rescue?” Are you gritting your teeth to hold a position or just watching empty-handed? Share your real position pressure!
“Where is the lifeline?” What do you think will be the next good news to save the market? Regulatory easing? Big players entering the market?
Remember: In a weak market, surviving is the only qualification to talk about bottom-fishing! Follow me to track the latest strategy breakdown at any time! The comments section is waiting for your truth!
