ETH 1-hour candlestick chart has just sounded the alarm - the bear army is at the gates! As an old trader in the crypto world, I smell the storm coming, and I must speak up: in the short term, I am firmly bearish!
The technicals are brutally revealing: the Bollinger Bands are opening downwards, the price is clinging to the lower band like a kite with a broken string, MACD has crossed bearish and the green bars are continuously expanding, bear energy is wildly accumulating. This is not just an adjustment; it's a signal for a trend-based downward move! Combining on-chain data, large addresses are quietly reducing their holdings, inflows to exchanges are increasing, and there are clear signs of capital flight; on the news front, the shadow of macro interest rate hikes and regulatory whispers are resurfacing, and the ETH ecosystem is currently lacking positive catalysts, facing immense short-term pressure.
Looking back at my previous technical predictions, from the peak reversal to the bottom support, all have been validated by the market one by one. This time, I have no hesitation - the bear market has started, and any rebound is an opportunity to escape! The market never lies, my analytical system has never failed, and this time I stake my reputation on a firm bearish outlook!
However, trading is not gambling; risk management is always the first lesson. Always keep an eye on sudden changes in news (such as abrupt policies or hacking events), set stop losses, do not hold onto positions, and do not bottom-fish too early. Trust me, we will definitely secure profits from this bear market together!
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