Concubine Afternoon Technical Analysis and Trading Ideas
From the 4-hour technical perspective, the Bollinger Bands price previously touched the lower band and triggered a rebound, but the overall channel shows a downward trend. Although short-term technical rebound demand cannot be ruled out, the overall trend remains bearish. The MACD indicator currently shows a clear divergence: on one hand, some analyses indicate that the indicator has shown a top divergence signal, with insufficient volume support; on the other hand, there are also views that bullish momentum is gradually accumulating. Overall, the short-term momentum direction is still unclear, and continuous observation is needed to confirm the subsequent trend.
Trading suggestion: Consider shorting if the price rebounds to around 3850-3880, with the first target at 3810. If this level is breached, further downside to 3750 is expected, with a stop-loss set at 3900. $ETH
