📣Ethereum short position profits nearly 100 pips! How should we operate in the subsequent market?
Ethereum successfully closed its short position on Friday evening, capturing nearly 100 pips of profit. In this round, ETH surged to 2385.78 USDT in mid-March before entering a pullback. A decline following a top divergence has been completed on the 4-hour timeframe. Today's intraday high was 2168.00 USDT and low was 2045.57 USDT. Currently, capital is flowing out net and the trend is biased downward. We do not recommend blindly buying the dip; strictly control position size and stop-loss.
Bollinger Bands (BOLL) middle band 2143.03, upper band 2193.73, lower band 2092.32. Price has broken below the middle band and is running near the lower band. The Bollinger Bands overall open downward; the short-term trend is biased bearish. The 2090-2095 zone of the lower band is the first support; if broken, look lower to the 2045 previous low. The middle band 2143 is the first resistance level.
MACD indicator DIF: -21.80, DEA: -18.00, MACD histogram: -7.60 (green bar). DIF and DEA are crossing below the zero line, with sustained green bars indicating that bearish momentum is still being released. There is no clear reversal signal yet. Attention should be paid to green bar volume reduction and DIF turning upward for a golden cross signal, which could lead to a rebound.
KDJ indicator K: 49.82, D: 50.84, J: 47.76. The three KDJ lines are crossing below near 50, with J value declining first. Short-term overbought has been digested, entering a weak oscillation zone. If J value drops below 20 entering oversold territory, it may trigger a technical rebound; currently no clear bottom-fishing signal.
Key Support/Resistance
Strong resistance 2193 (Bollinger upper band) pressing rebounds; a breakthrough is needed to reverse the short-term downtrend. First resistance 2140 (Bollinger middle band) is the core pressure level for short-term rebounds.
First support 2092 (Bollinger lower band) is the key intraday support; if broken, acceleration downward will occur. Strong support 2045 (previous low) is an important defensive level for this round of declines.
Operational Strategy (for reference only, does not constitute investment advice; specific strategies can be released in the evening)
Bearish approach: When rebounds to the 2140-2150 zone encounter resistance, consider light short positions with stop-loss above 2170, targeting 2090 and 2045.
Bullish approach: Wait for price to stabilize above 2100, MACD green bar volume reduction, and KDJ golden cross before considering low buying, with stop-loss below 2040.
📣Ethereum short position profits nearly 100 pips! How should we operate in the subsequent market?
Ethereum successfully closed its short position on Friday evening, capturing nearly 100 pips of profit. In this round, ETH surged to 2385.78 USDT in mid-March before entering a pullback. A decline following a top divergence has been completed on the 4-hour timeframe. Today's intraday high was 2168.00 USDT and low was 2045.57 USDT. Currently, capital is flowing out net and the trend is biased downward. We do not recommend blindly buying the dip; strictly control position size and stop-loss.
Four-hour Ethereum core technical indicator analysis:
Bollinger Bands (BOLL) middle band 2143.03, upper band 2193.73, lower band 2092.32. Price has broken below the middle band and is running near the lower band. The Bollinger Bands overall open downward; the short-term trend is biased bearish. The 2090-2095 zone of the lower band is the first support; if broken, look lower to the 2045 previous low. The middle band 2143 is the first resistance level.
MACD indicator DIF: -21.80, DEA: -18.00, MACD histogram: -7.60 (green bar). DIF and DEA are crossing below the zero line, with sustained green bars indicating that bearish momentum is still being released. There is no clear reversal signal yet. Attention should be paid to green bar volume reduction and DIF turning upward for a golden cross signal, which could lead to a rebound.
KDJ indicator K: 49.82, D: 50.84, J: 47.76. The three KDJ lines are crossing below near 50, with J value declining first. Short-term overbought has been digested, entering a weak oscillation zone. If J value drops below 20 entering oversold territory, it may trigger a technical rebound; currently no clear bottom-fishing signal.
Key Support/Resistance
Strong resistance 2193 (Bollinger upper band) pressing rebounds; a breakthrough is needed to reverse the short-term downtrend. First resistance 2140 (Bollinger middle band) is the core pressure level for short-term rebounds.
First support 2092 (Bollinger lower band) is the key intraday support; if broken, acceleration downward will occur. Strong support 2045 (previous low) is an important defensive level for this round of declines.
Operational Strategy (for reference only, does not constitute investment advice; specific strategies can be released in the evening)
Bearish approach: When rebounds to the 2140-2150 zone encounter resistance, consider light short positions with stop-loss above 2170, targeting 2090 and 2045.
Bullish approach: Wait for price to stabilize above 2100, MACD green bar volume reduction, and KDJ golden cross before considering low buying, with stop-loss below 2040.
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