ETH Intraday

Following yesterday's "Goodafternoon," the information against interest rate cuts and the increased probability of rate hikes next year. The 4-hour chart has completely broken below the strong support around 2320, forming a weak trend of volume decline during decline and volume contraction during rise, and last night's rally belonged to the bears.

Focus on the resistance level around 2275 above; if the price cannot effectively break through and stabilize, the market is likely to return to the 2280–2230 range for consolidation.

Today, the overall strategy is to go short high and go long low; closely watch the support near 2230. Once volume drops below this level, the downtrend will be further confirmed, and the target can be around 2195.

From the 4-hour technical trend combined with the 48-hour liquidity clearing heat map, the liquidity above the market is relatively weak, and resistance levels are dense. Overall, the probability of a rebound and rally is much lower than the probability of a unilateral decline.

Therefore, I remind bullish brothers to pay attention to position sizing and stop-loss to avoid deep traps if the market weakens.