1. Current Market Conditions

Price range: $3,690-$3,710 narrow fluctuations
24-hour trading volume: $1.32 billion (down 15% compared to yesterday)
Funding Rate: 0.01% (Neutral)
Open Interest: $5.8 billion (up 8% from yesterday)
2. Key Price Level Analysis
Support Level
First support: $3,680 (4-hour MA30)
Second support: $3,650 (daily Bollinger Bands middle line)
Strong support: $3,600 (psychological barrier)
Resistance Level
First resistance: $3,720 (morning high)
Second resistance: $3,750 (August 4 high)
Strong resistance: $3,800 (July high)
3. Technical Indicator Signals
MACD: Golden cross on the 4-hour level, but momentum is weakening.
RSI: 1 hour 62 (neutral to bullish), 4 hours 58 (neutral)
Bollinger Bands: 1-hour closing, volatility decreases
4. Short-term trading strategy (1-4 hours)
[Bullish Strategy]
▶ Entry Conditions:
The price has stabilized after a pullback to $3,680-$3,690.
The 1-hour RSI has risen above 50.
Trading volume increased to $50 million/15 minutes
🎯 Target position:
First target $3,720 (1:2 risk-reward ratio)
Second target $3,750 (1:3 profit-loss ratio)
⛔ Stop Loss Level:
Below $3,670 (1-hour candlestick broke)
[Short Selling Strategy]
▶ Entry Conditions:
The price rebounded to $3,720-$3,730 and encountered resistance.
1-hour RSI exceeds 70 overbought zone
Trading volume continues to shrink.
🎯 Target Position:
First target $3,680 (1:2 win-loss ratio)
Second target $3,650 (1:3 profit-loss ratio)
⛔ Stop Loss Level:
Above $3,750 (breakthrough previous high)
5. Risk Control Recommendations
Single position not exceeding 5%
Leverage recommendation of 3-5 times (up to 8 times for aggressive traders)
Set mobile take profit (for example, move the stop loss to the cost price after reaching 1:1)
Avoid trading during the low liquidity period from 14:30 to 15:30 (UTC+8)
6. Focus on key events
16:00 (UTC+8) US Non-Farm Payroll data expectations
Changes in ETH2.0 Staking Volume
Whale address activity (monitoring >10,000 ETH transfers)
The current market is at a critical decision point, and it is recommended to wait for a clear breakout signal before increasing positions. Short-term traders can adopt the "breakout pullback" strategy and strictly adhere to stop-loss discipline.