April 20 Auntie

The geopolitical conflict between the US and Iran continues to intensify, and short-term risk aversion sentiment has increased, but the market's core logic remains dominated by Federal Reserve policies. Currently, the Fed maintains a hawkish stance, with expectations for rate cuts this year continuing to cool down, the US dollar index remains strong, putting comprehensive pressure on the valuation of crypto risk assets; at the same time, rising international oil prices exacerbate inflation rebound concerns, further tightening liquidity expectations, creating multiple bearish pressures on ETH, with the overall bearish pattern prevailing.

On the technical side, the price remains under pressure below the middle band of the Bollinger Bands at 2300, with moving averages showing a bearish alignment, and a clear downward structure. After breaking below the key support level of 2358 previously, the market quickly dropped to support around 2250, with subsequent rebound momentum remaining weak, and multiple attempts to bounce back were strongly suppressed by short-term moving averages; the weak rebounds around 2275 are purely technical corrections and have not changed the downward channel trend.

Trading strategy

Rebound to 2310-2335, sell in batches, targeting 2230-2170$BTC ‌$ETH ‌#GatePreIPOs首发SpaceX