The ETH signal has shown signs. Under the pressure of the daily death cross, the rebound has always lacked volume support, with weak on-chain demand and long-term holders selling forming a resonance, and the bear flag pattern indicates that the downside space is opening up.
MACD is hovering below the zero axis, with the moving averages arranged in a bearish manner, compounded by the pressure of cooling expectations for a Federal Reserve interest rate cut; every rebound is a good opportunity to sell short.
Target: around 3000, aiming for 2880. Adjust the stop loss to 3050 for defense. $BTC
BTCUSDT
Perp
88,177.8
+1.09%
ETHUSDT
Perp
2,977.3
+0.36%
BNBUSDT
Perp
853.89
+0.76%