Choosing more than hard work is an unchanging truth; reliability is the best proof of strength, no need for much talk, actions speak louder than words.
Today's market trend meets expectations. After two days of hard work, the actual students successfully earned 16,000. In the cryptocurrency space, this amount is not large and can be considered relatively small, but the winning streak has a traceable record.
In terms of Ethereum, the price is currently fluctuating between 2465 and 2500 after a wave of upward movement in the morning. The ETH market shows a tug-of-war between bulls and bears at noon. In terms of technical indicators, the MACD histogram remains positive but is gradually shortening, indicating a weakening of bullish strength, although the market is in a state of no obvious trend. However, the resistance above can still be effectively broken. In terms of operations at noon, it is recommended to focus on short positions rather than chasing long positions at high levels. For a conservative approach, consider shorting near 2500, targeting 2445 and 2420. #ETH🔥🔥🔥🔥🔥🔥 #ETH走势分析
The upper resistance wall is still quite strong, with multiple upward pushes facing pressure and falling back. The bullish trend from this morning continues, but there is still a significant possibility of a false bullish move,
the bears can enter now, targeting 106000, with a stop loss at 108200
The large cake has repeatedly encountered resistance and retreated from highs from last night to this morning, confirming the presence of effective selling pressure above, especially in the 107,500 area which has formed a short-term resistance wall. This coincides with the upper Bollinger Band pressure level on the hourly chart. The pullback after hitting resistance indicates that bullish momentum is temporarily insufficient.
The KDJ on the hourly level has shown a 'pseudo golden cross' and has turned downward. Although the golden cross opened, it did not break through with volume, which is a typical bullish trap signal. The price is unable to stabilize above the upper band, indicating a probability of a pullback in the short term. While the price is above the upper band on the hourly chart, the consecutive long upper shadows show that it is actually being constrained along the upper edge of the channel and not effectively breaking out. This pattern often requires a retracement to the middle band for support, expected in the range of 106,000-105,800.
Personally, I suggest that in the range of 107,300-107,500, one should set up short positions in a staggered manner, targeting 106,000 for the first target and 105,000 for the second target, with a stop loss at 108,200.
The pancake saw varying degrees of pullback following Federal Reserve Chairman Powell's speech, but from the current market perspective, this is a normal response to market demand.
In the future, I still maintain that after a pullback, we can continue to look for opportunities, considering a long position near 106500, targeting 107700, and if the momentum is strong, aiming for 108500 #加密市场反弹 #BTC☀