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#鲍威尔讲话 The weekend's rebound looks lively, but Ethereum has failed several times to break above 2850, what does this indicate? Weakness in the upward momentum.
Looking at the four-hour chart makes it even clearer—several small bullish candles have arched above the middle track, and what happened next? There was no follow-up, and it was quickly pressed back by bearish candles. This kind of trend basically confirms: the market participants are in a wait-and-see mood, and this rebound feels more like a technical correction rather than a genuine reversal.
Although the current price has some support near the middle band, don't forget that the entire Bollinger Bands is still in a downward channel. The weakness hasn't changed, so the strategy is simple: short on rallies for more stability.
How exactly to do it?
• The range from 2800 to 2830 can be considered for placing short positions.
• The first target is 2700; if it breaks, it will trend downwards.
• If 2700 holds and a reversal signal appears, it's not too late to go long.
The core logic is simple: before the trend strengthens, continue to short during the fluctuations and rebounds. Don't try to guess the top or bottom; it's most practical to follow the market.
$ETH
$SOL
Shorting with the trend is definitely safer, just worried retail investors will FOMO again.
The Bollinger Bands haven't turned yet, so don't believe any rebound stories.
Short order layout at 2800-2830, just follow the rhythm
2700 is the key, whether it breaks or not will determine how to play next
Really, this time there is completely no continuity
Wait until it breaks 2700 to see, being short now is meaningless
I think we still need to wait for Powell's news next week
Once again, the feeling of being slapped in the face by a high short, haha
This market is too weak, going long is really exhausting