The ETH 1-hour chart has just issued a dangerous signal. Even scarier is that a big player claiming to be a 'BTC OG insider whale' is facing floating losses on ETH longs! What is happening in this market? Will it continue to fall tonight or rebound? The I Ching will help you uncover the truth!
News analysis:
The insider giant whale holding nearly 700 million has been trapped, with the ETH opening price at 3167, now hovering around 2839, and the liquidation line far at 2083. What does this indicate? Even the big players can't hold on, small investors shouldn't tough it out!
Technical analysis:
The 1-hour chart shows that ETH is currently struggling around 2839. The first hurdle above is 2951, and further up at 3036 is strong resistance. However, the MACD has crossed bearish, and the energy bars are showing increased selling pressure, clearly indicating that the bears are in control. The key support below is at 2871, and if it breaks, it could likely drop to 2775 or even 2696!
Zhouyi Perspective:
In the short term, I am bullish! The resistance levels around 2951 and 3036 are both opportunities to short. If the rebound reaches these levels, consider setting up short positions. The overall trend is still to short on rallies, do not chase highs or sell on dips! Tomorrow Japan will cut interest rates; let's find Zhouyi together to seize this market opportunity!
Player Suggestions:
For those holding long positions, reduce your holdings on rebounds; don’t hold on stubbornly!
For those with no positions, pay attention to the two resistance levels at 2951 and 3036, try shorting with light positions, and set your stop-loss properly.
For those looking to bet on a rebound, wait until around 2775 to consider, be quick in and out!
This wave of the market is not over yet; the main force's orders have shown unusual movements! Tomorrow night I will reveal the capital movements behind the whales in the village and provide the key points for the next stage. If you want real-time strategies and to avoid being cut, hurry up and follow Zhouyi, taking you through the bull and bear markets!
The market is ruthless, but people have feelings. I am Zhouyi, not making predictions after the fact, only discussing practical insights. Follow me, Zhouyi publishes three strategies daily in the chat room. If your position is not 5 million, please follow Zhouyi's real-time advice to avoid liquidation risks. The current market is unpredictable, and each villager has different positions; please update in real time according to the entry points announced by Zhouyi in the chat room!#美国讨论BTC战略储备
