In the volatile crypto market, we need to navigate like sailors using the right tools to see the true direction. Currently, the trend of Ethereum is worth paying attention to.
From the four-hour K-line chart, Ethereum has experienced a two-day rebound after two consecutive bullish candles, but it has encountered resistance at the middle band of the Bollinger Bands. The price is now slightly retracing, but what's interesting is—all moving averages are extending in parallel, and trading volume is continuously shrinking. What does this indicate? The market is oscillating in a low-volatility range with a tug-of-war pattern.
Switching to the one-hour chart, the price stays close to the middle Bollinger Band, with alternating small bullish and bearish candles, a typical sideways consolidation. The reliability of indicator signals has decreased, with both bulls and bears in balance, and clear resistance and support levels are evident. The market direction is still not very clear.
In such an environment, the intraday trading strategy is simple—sell high, buy low. Short at rebound peaks, go long at support levels.
Specifically:
**Ethereum**: Consider short positions around 3300, with a target of 3230.
**Bitcoin**: Clear bearish signals around 95500, with a target of 94200.
The core logic is to leverage obvious resistance and support levels for swing trading. In an environment with shrinking volume, breakouts tend to be more effective. Be patient and wait for a breakout rather than blindly chasing highs or shorting prematurely.
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SelfMadeRuggee
· 01-20 06:04
It's the same old story of buying high and selling low. Saying this about the market every day still doesn't prevent it from moving chaotically.
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SchrodingerAirdrop
· 01-17 19:14
After such a long consolidation, it feels like the market is just testing patience. Waiting for a breakout really challenges your mindset.
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SchrodingerAirdrop
· 01-17 06:57
I'm familiar with this consolidation pattern, but I'm worried that a sudden black swan event could break the level directly...
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ChainSauceMaster
· 01-17 06:55
Damn, Bollinger Bands are pushing me again. Is it really going to break 3230 this time? Should I trust you or trust my stop-loss?
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BlockchainRetirementHome
· 01-17 06:53
It's the same high-risk, low-reward setup again. Sounds good in theory, but isn't it just gambling on probabilities? I'm actually more worried when trading volume shrinks. What breakout? Usually, it's just a false breakout.
In the volatile crypto market, we need to navigate like sailors using the right tools to see the true direction. Currently, the trend of Ethereum is worth paying attention to.
From the four-hour K-line chart, Ethereum has experienced a two-day rebound after two consecutive bullish candles, but it has encountered resistance at the middle band of the Bollinger Bands. The price is now slightly retracing, but what's interesting is—all moving averages are extending in parallel, and trading volume is continuously shrinking. What does this indicate? The market is oscillating in a low-volatility range with a tug-of-war pattern.
Switching to the one-hour chart, the price stays close to the middle Bollinger Band, with alternating small bullish and bearish candles, a typical sideways consolidation. The reliability of indicator signals has decreased, with both bulls and bears in balance, and clear resistance and support levels are evident. The market direction is still not very clear.
In such an environment, the intraday trading strategy is simple—sell high, buy low. Short at rebound peaks, go long at support levels.
Specifically:
**Ethereum**: Consider short positions around 3300, with a target of 3230.
**Bitcoin**: Clear bearish signals around 95500, with a target of 94200.
The core logic is to leverage obvious resistance and support levels for swing trading. In an environment with shrinking volume, breakouts tend to be more effective. Be patient and wait for a breakout rather than blindly chasing highs or shorting prematurely.