《Qiongqi Turns the Table: On one side, the technical analysis is dead; on the other side, the economic data is bleeding! Will tonight be a river of blood?》

The technical stagnation with reduced volume is the calm before the storm, and a sudden positive economic data release is like turning on the pump!

1. Technical Analysis

​The movement is stifled​: In half an hour, $ETH is like being welded at 4621-4634 (amplitude 0.29%), closing slightly up 0.17% to 4631.96, a typical "zombie market".​Key levels​:​4690 remains the high-pressure line (bearish fortress)​4640 is the life-and-death line for bulls and bears (only if it stands above can there be hope)​4570 is the last defense line (breaking this could cause panic)​Indicator alerts​:​Bollinger Bands (BOLL)​​: Price is stuck at the middle band 4632 (bull-bear balance point), the upper and lower bands are tightening like a "compressed spring", countdown to a trend change!​MACD death cross​: The white line (DIF=9.33) is being pressed down by the yellow line (DEA=10.48), the green bars (-2.29) continue to expand—bearish momentum is building up!​​​Volume has shrunk for four consecutive times​: Four consecutive annotations of "volume shrinkage", reminiscent of a hot, windless night before a rainstorm—no one dares to act, but once they do, it will be a big move!​​

2. News Front

​Data hits hard​🇺🇸 The U.S. fires three arrows simultaneously:

​Retail sales MoM 0.60%​​ > Expected 0.50% (consumption is stronger than expected)​New York manufacturing index 5.5​ > Expected 0 (factory machines are running)​Import prices 0.10%​ In line with expectations (input inflation is controllable)

Core conclusion​: The stronger the economic data, the weaker the expectation for Fed rate cuts!​Traditional assets (U.S. stocks/U.S. bonds) instantly become money-sucking black holes, and the crypto market faces drainage!​​

​Qiongqi's hardcore opinions + case studies​

Brothers, have you seen through it? The ETH half-hour chart looks like a dead fish, combined with U.S. economic data flashing a red light—I'm too familiar with this script!​ Do you remember the day in June 2024 when CPI exceeded expectations? Bitcoin plummeted 7% that day, and altcoins bled profusely!​​ Now the same logic is repeating:​The stronger the economy, the more panic in the crypto market!​​

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Tonight's three most fatal matters:

1️⃣ ​Can the 4640 defense line withstand institutional selling?​​

2️⃣ ​How much will the MACD green bars expand to trigger a crash?​​

3️⃣ ​If 4570 is breached, at which position can one catch the falling knife?​​

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