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ETH 4-hour chart: Rebound is not a romance, don't invest too deeply ❤️
Recently, this market looks like a Rebound, but in fact, it resembles... just a slower decline.
The 4-hour chart of ETH is full of "false prosperity," just like the overtime emails before a holiday, seemingly gentle but actually cutting to the bone.
📊 Technical Indicators Uncovered:
MACD continues to weaken, the bears are still speaking;
ATR is rising, volatility has come up, and so has the risk.
EMA double lines under pressure, both short-term and medium-term outlook are bearish;
The Bollinger Bands are weighing down the price, and the rebound is like a "self-gratifying upward movement."
⚠️Note: 1773 is the key support level in this round. If it breaks, it's a "downstairs" situation; otherwise, there might be a chance to catch a breath.
Point of reference (not an investment advice)
Buy: 1780 | Stop Loss: 1766 | Target: 1854 | Short Selling Line: 1914
To sum it up in one sentence: The market is volatile, so positions must be as steady as an old dog.
I am Arthur, pay attention to the comments, the top team opens a free consultation channel for you, serving only ambitious lunatics. #BTC