Madam Four-Hour Market Analysis


Madam Four-Hour K-line breaks below multiple cycle moving averages, the 120-day moving average at the 2288 level officially loses support, and the overall moving averages form a standard bearish alignment.
MACD green bars continue to expand, with the two lines forming a death cross and moving downward, indicating increasing bearish momentum.
The Bollinger Bands are opening downward, with the price close to the lower band weakening, and the support at 2232 is relatively weak;
Rebound faces resistance at the 2307 middle band, and if it cannot stabilize the downtrend, it will not stop.
Short-term operation: consider going long around 2238, with a stop loss at 2180, initially watch around 2270, and if broken, follow the trend upward. #ETH
ETH-3.14%
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