Last night, ETH played another 'roller coaster'—as soon as the CPI positive news came in, it surged instantly; once the stimulus passed, it crashed back to its original form! Does this script seem familiar? Doesn't it feel like you got trapped after chasing the high? That's right, the market is still the same: the news can only be exciting for a moment, the trend is the real boss. Now, the 1-hour K-line chart for ETH has already drawn the 6th 'box oscillation', and the previous 5 times... all ended in a crash!
News: Japan's interest rate hike + Federal Reserve's changes, is global capital going to 'bleed'?
The Bank of Japan will officially announce an interest rate hike this afternoon, increasing the rate from 0.50% to 0.75%, a new 30-year high! This means that Japanese capital may withdraw from the United States, and if U.S. Treasury yields soar, the Federal Reserve's interest rate cut plans may be shelved.
The crypto market has been bloodied overnight: Bitcoin fell below $85,000, and the total market value lost its hold on $3 trillion, with altcoins plummeting over 10%. ETH has barely stayed above $2,800, but the bullish strength is clearly weak.
US stock crypto concept stocks fall more and rise less: market sentiment is bearish.
The news is overwhelmingly bearish; will this afternoon's Japanese interest rate hike be the end of bad news? How should we layout specifically? Pay attention to Tianji, and Tianji will provide ideas in the village at the first time!
Technical aspect: The 1-hour chart reveals a 'box trap', is a crash script about to repeat?
Take a look at the ETH 1-hour K-line chart:
Current box range: $2,780–$2,840, upper resistance at $2,970, lower key support at $2,860/$2,720.
Bollinger Bands opening downwards: the middle track at $2,855 creates resistance, and the lower track at $2,747 is a short-term defense line.
Trading volume shows 'increased selling': rebound is weak, selling pressure continues.
After the first 5 times of box oscillation: all broke down, with a decline of more than 5% at one point! Will history repeat itself this time?
Tianji Village's action guide today: Aggressive: try shorting lightly near $2,820, target $2,700.
For the cautious: wait to short after breaking $2,780, or short near $2,900 on a rebound.
Cautious bullish: Unless it breaks through $2,855 with volume and stabilizes, don’t catch falling knives!
Specific entry points are set by Zhisen, you can pay attention to Tianji, and Tianji will remind you in the village at the first time!
My view: Interest rate hike landing = end of bad news? Don’t be naive!
Trend is king: ETH's daily and weekly lines are still in a downtrend, and the 1-hour box is just a halftime break.
If Japan's interest rate hike lands: It may trigger a 'blood-sucking effect' in the short term, with the strong dollar suppressing risk assets, making it hard for cryptocurrencies to stay unscathed.
Beware of 'trap rebounds': impulse markets stimulated by news are escape windows, not a charge signal!
The market is always rationally cruel—CPI is just fireworks; Japan's interest rate hike? That's the reality.
Remember: In a downtrend, every rebound is an opportunity for you to escape!
The strength of Tianji does not boast or make empty promises, but teaches you practical survival skills. Follow Tianji, and fans who want to keep up can find Tianji Village, where Tianji announces entry points and exit timings every day!
If you don’t know how to hit the points, you can pay attention to Tianji, and Tianji will analyze in real-time in the village, providing the current best entry point!!
