Next, Ethereum layout: Major cycle bears are in control, and the short-term rebound is weak



The market is currently in a downtrend, and buying the dip is like “catching a falling knife.” The current 4-hour cycle has broken below the middle band of the Bollinger Bands, the channel is moving downward, and the medium-term outlook is relatively weak. The 1-hour cycle has rebounded slightly from the lower band—this is only an oversold repair. The market is likely to be pressured by moving averages, with no signs of a reversal

Strategy: For the rebound, lay out shorts at 2130-2170. Support to watch is at 2100-2085-2000

#TradFi交易分享挑战
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned