Brothers, pay attention! Pay attention! The market is now a bomb that could explode at any moment!
The probability of a rate cut in December has reached over 90%, and the market consensus is at its peak, but remember: the higher the consensus, the greater the risk!
Do you remember when the expectation of a rate hike in Japan was 90% in August 2024?
As a result, BTC plummeted 20% in a single day, directly liquidating the entire market!
This is the reality that "good news turns into bad news."
The market never follows the script; the more it seems like a sure thing, the more likely it is to become a big trap!
Last night, there was a sudden crash that liquidated quite a bit; the already limited liquidity is now even less.
Key levels for ETH today:
Short-term support: 3050-3010
The bullish pattern on the ETH daily chart has not been completely destroyed.
If the short-term pullback to 3050-3010 can hold,
there is still a chance for the market to rebound!
The initial target is 3200.
But remember, if the resistance level is not broken, don't be greedy with long positions; a rebound is a great opportunity for shorts!
If the support at 3050-3010 is broken, give up the short-term long positions immediately!
The lower support directly targets 2910.
Resistance range: 3210-3300.
The current rebound resistance for ETH is around 3210; if the market rushes to this range,
shorts can position lightly and set stop losses; liquidation is someone else's business!
Friends who followed the long position for ETH at 2940 yesterday should protect profits and continue to hold.
Let's see the next godly trade in our chat room!!!
