"When others are fearful, I am greedy; when others are greedy, I am fearful"—this famous saying by Buffett seems particularly striking in the face of ETH's plummet tonight!
From a technical perspective, ETH is currently stuck at the $2947 death line, repeatedly hitting $2970 without success, and the bears have reestablished themselves. But don't panic! The strong support at 2893 + RSI oversold at 26.23 is exactly the signal for the main force to wash the盘. The news of the Bank of Japan raising interest rates by 25 basis points and the uncertainty regarding the Fed chairman are just smokescreens for the庄家 to smash the盘!
Lord's opinion:
This drop is not the end, but a golden pit! Major players need to buy back sell orders in the 2850-2890 range to initiate a new round of rally. Remember, the cryptocurrency market always follows the script of 'falling first and rising later'—selling now means handing over bloody chips to others!
Three steps to operate:
Step 1: The holder temporarily holds the chips, no replenishment until 2893 is broken; Step 2: Wait for the 'long lower shadow' signal near 2850, which is solid evidence of major players accumulating; Step 3: When the trading volume breaks through the 5-day moving average, increase positions in batches, targeting the pressure level at 3046!
Friday! The Bank of Japan's interest rate decision will become a key turning point? If the rate hike is implemented, ETH may violently rebound after a dip to 2850; if the rate hike is unexpectedly paused, it will directly initiate a V-shaped reversal! Want to know how the lord accurately predicts? Follow me, and I'll help you seize the next wave of 30% increase!
There are no gods in the cryptocurrency market, but there are patterns to follow. Remember the lord's mantra—'Do not chase shorts after a breakout, look for rebounds at support, and only when both volume and price rise together is it a true bull market'! Pay attention to the lord now, and it will save you ten years of detours in the cryptocurrency space. Before the next crash, I will guide you to ambush early!
