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Details: ht
Looking back at the afternoon market, Ethereum has shown a one-sided downward trend, with a cumulative drop of over 100 points, and short positions continue to dominate the market. Our long order set up in the afternoon was unfortunately stopped out after the price fell below the key support at 4540, and the subsequent short order we took the opposite position on successfully captured over 30 points of profit and locked in profits.
The current coin price has run to around 4510, showing a clear weak pattern from a technical perspective. The 4-hour level has continuously closed with bearish candles, the moving average system is in a short positions arrangement, and the MACD momentum bars continue to expand downward, indicating that the downward trend has not yet ended. If the price cannot stabilize above the 4540 resistance level after a rebound, it is likely to further test the support area of 4450-4480.
It is recommended to maintain a short-selling approach on rallies. You can gradually set up short orders in the 4530-4550 range, with a stop loss above 4570, and target the 4480-4450 range below. Short-term bulls should remain cautious and should not blindly catch the bottom before a clear stop-loss signal appears. #BTC战略储备市场影响#