Currently, the price of Ethereum has dropped a bit. Previously, it rebounded after dropping to a certain level, and this level has become a support. If the price can remain steadily above the support level, then making a profit is possible. There is also a short-term resistance above; if it can break through, the price may continue to rise.
Looking at the technical indicators, the Bollinger Bands have widened, and the price is below the middle band. If it can break through the middle band and hold above it, then a low-risk opportunity can be attempted.
On the indicators, the Bollinger Bands are narrowing, and the indicators are below the middle band. If it breaks above the middle band and holds, a long position can be considered. In the KDJ indicator, the J value is overbought, but strong market conditions may not necessarily lead to a pullback. If it turns upwards and the other two lines diverge, it can be considered.
The MACD indicator shows that the long position strength is temporarily dominant. If the two lines continue to diverge upwards, combined with other signals, a small long position can be taken while paying attention to market changes.
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After a quick rise at the opening, the market enters a period of sideways fluctuation, during which selling begins. Following this, there is a sharp decline as selling continues, eventually transitioning into a fluctuating trend.
This type of intraday trend usually appears after a rise to a high level; while there may not be an immediate crash, it indicates that the main force is already unloading shares. Be cautious, and it’s best to exit and observe for now.
From several charts, it can also be seen that there is a subsequent trend of fluctuating downward movement, making it completely unnecessary to hold positions. $BTC #美联储FOMC会议
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The trend surged to a high point but then couldn't rise further and started to drop. If the price rises again to this vicinity and still cannot go up, it might be a good opportunity to short.
Let's take a look at the technical indicators. In the KDJ indicator, the J value is ridiculously high. In the MACD indicator, the DIF line is close to the DEA line. If the DIF line turns down and crosses below the DEA line, combined with other conditions, a light short position can also be taken.
In the evening, looking at the 4-hour chart, after a significant rise to a high point, the price has pulled back. This high point has become a clear resistance level, and the price has attempted to break through multiple times without success. If it approaches again and cannot break through, a short position can be considered. There is support below, and breaking it may open up downward space.
Regarding technical indicators, the Bollinger Bands are narrowing, with the price near the middle line. The upper band is exerting pressure, and if it approaches the upper band and turns downward, a short position can be considered; the J value in the KDJ indicator is at a high level, turning downward and forming a death cross with the KD line can be considered for action; the MACD indicator shows that the bearish power is strengthening.
The current pan surface is in horizontal oscillation, and we need more confidence and patience in the market to wait for the next wave of navigation to break out! $BTC #以色列伊朗冲突
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From the 4-hour chart, pay attention to the support level below in the short term. If the indicators really fall as you expect and show a clear trend downwards, then you can hold on and wait for it to drop to a lower level.
At the beginning, be sure to control your position well, and in conjunction with the moving average death cross, MACD death cross, and RSI overbought pullback signals, this will make shorting more reliable.
Operation: 2550-2580 range Target: 2400-2450 $BTC #美联储FOMC会议
From the 4-hour chart perspective, first looking at the indicator trends, if the indicators continue to stay below the long-term moving average and the moving average is in a downward trend, if the short-term moving average crosses below the long-term moving average forming a death cross, then the signal for shorting in the short term becomes stronger.
Next, pay attention to key resistance levels, such as historical highs, previous highs, and Fibonacci retracement levels. When the price rebounds to these positions and struggles to continue rising, it is a good opportunity to short.