ETH is going to make moves tonight! The current market is moving from the upper Bollinger Band around 3962 towards the middle band, with a pullback near 3836; the technical aspect has begun to oscillate and adjust. But here's the key point, at 8:30 PM tonight, the US will announce the number of unemployment claims and PCE data, these two pieces of news will directly determine whether ETH is a 'skyrocket' or a 'plunge champion'!
Technical key points:
Bollinger Band signal: ETH just surged to 3962, now retracing to the middle band at 3836. If it stabilizes at the middle band, it may gather strength for another surge; if it breaks down, the next support will be near the lower band at 3775.
Volume observation: 78.6% of buy orders are concentrated around 3894, indicating that 3900 is a strong resistance level, breaking through requires a huge volume.
委比 Data: Currently the委比 is -0.45%, slightly more sell orders, market sentiment is cautious, waiting for news to ignite direction.
News prediction:
If the data is positive, such as an increase in unemployment, and PCE inflation is down: ETH may rebound violently, directly hitting 3900! It may even break the previous high of 3962.
If the data is negative, indicating a strong economy and inflation rebound: there's a high probability it will crash below 3775, even testing the 3700 mark.
Recommendations:
Radicals: Data front order 3900 breakthrough to chase long and 3775 breakdown to chase short, remember to set a stop loss!
Conservative approach: Wait 15 minutes after the data is released to see if the price stabilizes at the middle band before taking action.
Tonight is destined to be bloody, follow me Goddess of Xin Coin, for real-time analysis of the data market! Like and share, if you make a fortune, come back and thank me!