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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Trader Hero - Old Zheng's Tuesday Morning Thoughts Sharing
The current Bitcoin and Ethereum 4-hour charts have shown clear adjustment signals.
- The K-line has continuously broken below the short-term support level, the lower boundary of the oscillation range has been breached, and the bearish momentum continues to release; the MACD indicator has formed a death cross and is extending downwards, with the green energy bars gradually increasing, establishing a trend-based bearish signal; the Bollinger Bands are opening downwards, and the price is running along the lower track, with weak short-term rebounds and a dense area of moving averages forming resistance above.
Short-term vigilance is required against further bearish pressure. It is advisable to avoid chasing long positions and pay attention to whether key support levels can stabilize. If weakness persists, the downward space may further open up. The market is switching its rhythm, so caution is paramount, and it is important to patiently wait for clearer signals.
Short near 119200-119700 for Bitcoin, looking down to 117600.
Short near 4250-4300, target 4150
#TOKEN OF LOVE 重磅回归# #BTC重返12万# #晒出我的Alpha积分#