Brothers, I'm Si Sheng. I just finished monitoring the market, and the ETH hourly chart is interesting. Today's opening was around 2948, with a high of 2973, a low of 2947, and it closed back at 2949, with an increase of only 0.05% throughout the day, nearly moving sideways. But behind this sideways movement, there's a hidden knife.
First, let's look at the data:
U.S. crude oil inventories fell by 1.812 million barrels last week, and strategic reserves are also decreasing. What does this indicate? The energy market sentiment is unstable, and funds are on the sidelines. When the broader environment shakes, the crypto market will also sway.
Looking at the technical side again:
On the hourly chart, the MACD yellow and white lines have dropped below the 0 axis, but note—it's slowly converging, indicating a potential golden cross. Is this a breather during the downturn or a buildup before a rebound?
RSI three values are all below 50, and MFI is also in the wait-and-see zone. This indicates that the market hasn't made a move yet and everyone is waiting for direction.
The upper resistance first looks at 3060, and then up to 3180 is strong resistance.
The first support below is at 2890; if it breaks, then watch 2780.
If it breaks below 2890 tonight, it is highly likely to test 2780.
If it holds, the first target for the rebound is 3060.
Si Sheng's view: The current overall direction is still bearish. If tonight's 23:30 crude oil data is positive, it may spike up for a minute and then drop back down. If tonight's crude oil data is negative, then it can be shorted, but enter with a small position!!!
Si Sheng's operation advice:
1. If you are a short-term player, it is recommended to place a light long position around 2890—2940, with a stop loss below 2890, targeting above 3060.
2. If it directly breaks below 2890, don't rush to catch the bottom; wait until around 2780—2700 to consider buying.
If it rushes to the 3060-3180 range above, you can short in batches and take profits on the pullback.
3. Remember not to go all in; trading is not gambling, but a psychological game!!!
Si Sheng announces three strategies every day in the village. If you don't have a position of 5 million, please follow Si Sheng's real-time advice in the village to avoid liquidation risks. The current market is unpredictable, and each villager has different positions, so please update in real-time the entry points announced by Si Sheng in the village!
There are no gods in the crypto world, only teachers with good mentalities. If you don't know what an effective breakout is or which coins can yield 10 times returns, follow Si Sheng and join the village to receive advice!!!$ETH #美国非农数据超预期
