Black Friday bloodbath for bullish traders? Are there still people looking bullish? How are the bullish traders? 🤭 Wenxi has made a total of 32k oil from three trades! No matter how many black swans come, following Wenxi to make money never fails!

Black Friday bloodbath for bullish traders? Are there still people looking bullish? How are the bullish traders? 🤭 Wenxi has made a total of 32k oil from three trades! No matter how many black swans come, following Wenxi to make money never fails!

#数字货币市场回调 Ethereum is currently showing a trend of slow decline and fluctuation coexisting. From the 1-hour chart performance, the middle band of the Bollinger Bands continues to suppress price rebounds, which clearly indicates that the bearish forces still dominate the market. On the technical side, the support area formed near the lower band of the Bollinger Bands at $3778 is worth paying attention to, but this support needs to be confirmed by an increase in trading volume; otherwise, there is a risk of being broken. Based on the current technical indicators and market performance, we set the core support level at $3750, which is a key defense line. Once broken, it is likely to trigger a faster downward trend. At the same time, the short-term resistance area is adjusted to the range of $3850-$3900, where there is not only the suppressive effect of the middle band of the Bollinger Bands but also resonates with the previous rebound high. In terms of operational suggestions, consider entering a short position when ETH rebounds to the 3850-3900 range and shows clear signals of insufficient upward momentum. If the rebound faces resistance and falls back, the initial target can be focused on 3750 dollars; if this support level is broken, further attention should be given to the 3680-3700 dollar area. Risk management is particularly important. It is recommended to avoid shorting near the $3750 mark, as this area may see a price fall rebound. At the same time, set effective stop-loss orders. If the price breaks above $3900, the short position should be closed with a stop-loss in a timely manner. $ETH