Auntie 3610-3650 Life and Death Line, Bull and Bear Meat Grinder?
Today Auntie made 4 attempts to break through 3650 in vain, after a strong rebound below 3530 with two rejections, in the 3610-3630 area, indicating that bulls are heavily defending this range. If it breaks down with volume, the lower levels of 3570 (weekly support) and 3526 (institutional cost zone) will rise.
The current narrow fluctuation may be the calm before the storm, as it has been crazily consolidating around 3635 this morning, with the 4-hour Bollinger Bands width compressed to 1.8%. If it stabilizes above 3650 tonight, it will trigger a short squeeze, targeting straight to 3700-3750.
Countdown to Ethereum's 10th Anniversary on July 30, ecological projects may take advantage of the hype. The understanding king has implemented tariffs of 15-50%, and is in further negotiations with the EU. If they agree to open up to American companies, it will allow them to pay lower tariffs.
Today's Strategy: If it stabilizes above 3650 with volume, target 3700-3750. If it breaks below 3610 without a strong rebound, target 3565-3630.
Feeling lost and can't find a way out? The market is tumultuous right now, walking alone is lonely; I am the Wind God, only those who resonate on the same frequency can gather together!
