Post
沉默阿阳
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BearishA significant breakdown has occurred, and the bulls are completely out of the game.
The daily chart shows a large bearish candle with no upper or lower shadows, and it has completely broken below all support levels of moving averages, with the 1h, 4h, and 1d moving averages all showing a divergence in bearish formation.
The 4-hour level has significantly deviated from the EMA10, and it will likely correct here over the weekend, hovering around the moving averages. The RSI is flat near 25, and it has not yet reached the extreme oversold zone, which means that even if there is an upward movement, it is unlikely to be a reversal; it is merely a correction of the indicators.
Regarding the open interest, the price has hit a new low, and the bottom open interest is increasing, indicating a significant divergence between bulls and bears, and the fuel for a rebound (bearish stop-loss orders) has increased.
The subsequent market is likely to create a trap for the bulls while avoiding shorts, moving upward for a rebound rather than a reversal. Look for opportunities to continue shorting. #Binance $ETH
{future}(ETHUSDT)
The daily chart shows a large bearish candle with no upper or lower shadows, and it has completely broken below all support levels of moving averages, with the 1h, 4h, and 1d moving averages all showing a divergence in bearish formation.
The 4-hour level has significantly deviated from the EMA10, and it will likely correct here over the weekend, hovering around the moving averages. The RSI is flat near 25, and it has not yet reached the extreme oversold zone, which means that even if there is an upward movement, it is unlikely to be a reversal; it is merely a correction of the indicators.
Regarding the open interest, the price has hit a new low, and the bottom open interest is increasing, indicating a significant divergence between bulls and bears, and the fuel for a rebound (bearish stop-loss orders) has increased.
The subsequent market is likely to create a trap for the bulls while avoiding shorts, moving upward for a rebound rather than a reversal. Look for opportunities to continue shorting. #Binance $ETH
{future}(ETHUSDT)
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