I just saw these two pieces of news that directly shocked me! One is the technical chart of ETH, and the other piece of news is like a heavyweight bomb; those playing with ETH tonight must keep their eyes wide open and stay highly focused!
Let's talk about the news. A financial news headline suddenly pops up, particularly eye-catching: The Bank of Japan is raising interest rates by 25 basis points in December, with a probability soaring to 96%, and the timing is set for this Friday, basically certain. Don’t think this matter has nothing to do with our cryptocurrency market; the global capital market is like a tightly connected chain, when one link moves, all other links have to shake along. An interest rate hike in Japan is equivalent to another economic powerhouse tightening the 'flood' valve, and the amount of cheap money worldwide will continue to decrease, while the cost of funds will keep rising. In such a macro environment, the high-risk, highly volatile cryptocurrency market will definitely be the first to be abandoned by large capital. Those big funds are very shrewd; they may have already withdrawn in advance.
Let's take another look at the technicals. Looking at the ETH one-hour candlestick chart, it seems to be rising, but those in the know understand that one cannot just look at the surface. Now, looking at the MACD indicator below, the white line and yellow line are stuck together below the zero axis, forming a 'death cross'. What does this mean? This is a rebound in a downtrend, lacking significant strength. The upper level of 3150 is like an insurmountable high wall, pressing down hard. The lower level of 3000 is a key psychological support level; if it breaks again, the support level at 2890 will be in danger.
For those players who are heavily invested or have positions, consider the area of 3150 - 3180 as a good opportunity to reduce positions or take profits. Don't be greedy; putting money safely in your pocket is what matters. The stop-loss should definitely be set just below 3000; when it reaches that point, decisively cut losses without hesitation. If you are in a cash position or lightly invested, this is a good thing; just don't fidget and make random trades. Control your hands, observe more, and it's not too late to take action once the situation becomes clearer.
I analyze that the market from tonight to tomorrow is likely to first surge and then retreat. The market may leverage the current upward momentum to challenge the resistance level of 3150. At this time, many people will see it and think, 'Oh, it's about to break through, the bull market is coming again,' and rush in impulsively. However, under the dual pressures of global interest rate hikes and ETH's own technical weaknesses, this surge will definitely lack sustainability and will soon turn downward. Whether it can hold 3000 will be the first major test.
Next, I will lead everyone to ambush a position in $ETH, expecting to earn 200 points without issue. Friends who want to catch this big opportunity can join the chat room together, and I will help you avoid various pitfalls and provide top-tier resources.#巨鲸动向 #ETH
