7.9 “Er Bing”



On the 4-hour chart, recent trading has consecutively printed bearish candlesticks, especially yesterday afternoon’s sell-off, which also showed a clear increase in volume. Selling pressure is heavy, and there is plenty of momentum pushing prices downward. $ETH

The MACD fast and slow lines are both running below the zero line, meaning the market is already in a weak zone by nature, and the downtrend is very clear. $LAB

Sell near 1750-1770, targets 1700 and 1650
$HYPE #美国比特币ETF净流入4026枚BTC #美终止对伊朗石油制裁豁免
ETH0.96%
LAB-62.02%
HYPE-0.86%
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AMirroredSphereReflectingThe
· 5h ago
Yesterday during that wave with heavy volume, I went short chasing at 1770. Currently in floating profit. Will reduce position first at 1700.
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ContrarianIndicatorBonsai
· 5h ago
Shorting at 1750 was indeed comfortable. This wave of heavy-volume sell-off was a feast for shorts.
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SlippageAfterTheRain
· 6h ago
#US Bitcoin ETF net inflow of 4,026 BTC This hashtag alongside ETH short positions is somewhat ironic. Is capital fleeing to BTC as a safe haven?
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MountainSilhouetteBeforeThe
· 6h ago
MACD forms a death cross below the zero axis. The weak market structure is fine, but whether 1650 can be reached depends on whether Bitcoin gives it a chance.
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