📊April 29th 04:50 Nighttime Continuous upward attack unable to form a top divergence, bullish momentum exhausted, market pressure weakens, bears gradually take control Four-hour technical analysis trend is bearish (for reference only)

(Current price can directly enter the market)

Current price: 2295 Ethereum

1. Market Brief (Why a Golden Cross Looks Bearish)

• Daily chart: Major trend is bearish, price below key moving averages, rebound with low volume.

• 4-hour chart: Golden cross at low level (below zero axis) → Typical rebound in a downtrend, often "golden cross indicates a high point."

• Key zones: Above 2300–2315 strong resistance; below 2270, 2250, 2200 support.

2. 2295 Short Position: Entry/Stop Loss/Take Profit (Current price about 2295)

• Entry: Short directly at 2290–2295

Stop loss (must include)

• Conventional: Above 2315 (golden cross high point, breakout rebound exceeds expectations)

• Conservative: 2320 (to prevent whipsaw)

Take profit (in stages)

• First take profit: 2270 (short-term support, reduce half)

• Second take profit: 2250 (recent low, reduce another half)

• Ultimate target: 2200 (major trend bearish target)

3. One-line Execution

Short at 2295, stop loss at 2315, targets 2270→2250→2200; golden cross attracts longs, rebound is a trap for shorts.

4. Reversal Signal

• Volume breakout above 2320: close short positions, temporarily do not chase short.

• Break below 2260 with volume: bearish confirmed, small additional short positions possible, watch 2200.