🚨$ETH suddenly pulled back above 1860—are the main forces accumulating or luring more buyers?
Based on the current structure, Mi Jie believes this rally is more of a rebound after an oversold condition rather than a trend reversal that can be immediately confirmed. Although 1820 has some capital picking up, during the rebound the trading volume has not expanded noticeably. Resistance near the 1900 area remains clear—multiple attempts to break upward have failed and rolled over, indicating strong sell pressure is still present at this level.
From a technical perspective: for ETH short-term support, watch the 1850–1860 zone. This is the key area to determine whether the rebound can continue. If price can hold above 1860 and break 1900 with increased volume, then there will be an opportunity to further test the 1920–1950 range, and even revisit the 2000 level.
But if the rebound is again rejected around 1900 and price breaks below the 1850 support, then the rebound strength will clearly weaken. The market may retest the 1820 lows, or even look for support around 1800.
Mi Jie’s personal view: right now, the chart hasn’t provided a clear one-way direction. More like long and short capital are battling within the 1860–1900 range. At this stage, the biggest taboo is chasing or panic-selling. Especially near resistance levels, blindly going long can easily become part of the main forces’ shakeout.
When the rebound approaches the 1885–1900 area, you can consider positioning short orders near the highs. Place your defense stop above 1925, and focus on targets in the 1850–1830 area.
If the market pulls back to around 1850, stabilizes, and shows clear signs of stopping the decline, then consider buying at lower levels again, with targets at 1900–1950.
Mi Jie’s current approach remains cautious: don’t chase. Wait for certainty. Prefer selling into the rebound, and consider low-entries only when pullbacks find support. Manage position size and do proper risk control—only then can you survive long-term in the market.
#ADA涨近10% #原油开盘跌逾8%
Based on the current structure, Mi Jie believes this rally is more of a rebound after an oversold condition rather than a trend reversal that can be immediately confirmed. Although 1820 has some capital picking up, during the rebound the trading volume has not expanded noticeably. Resistance near the 1900 area remains clear—multiple attempts to break upward have failed and rolled over, indicating strong sell pressure is still present at this level.
From a technical perspective: for ETH short-term support, watch the 1850–1860 zone. This is the key area to determine whether the rebound can continue. If price can hold above 1860 and break 1900 with increased volume, then there will be an opportunity to further test the 1920–1950 range, and even revisit the 2000 level.
But if the rebound is again rejected around 1900 and price breaks below the 1850 support, then the rebound strength will clearly weaken. The market may retest the 1820 lows, or even look for support around 1800.
Mi Jie’s personal view: right now, the chart hasn’t provided a clear one-way direction. More like long and short capital are battling within the 1860–1900 range. At this stage, the biggest taboo is chasing or panic-selling. Especially near resistance levels, blindly going long can easily become part of the main forces’ shakeout.
When the rebound approaches the 1885–1900 area, you can consider positioning short orders near the highs. Place your defense stop above 1925, and focus on targets in the 1850–1830 area.
If the market pulls back to around 1850, stabilizes, and shows clear signs of stopping the decline, then consider buying at lower levels again, with targets at 1900–1950.
Mi Jie’s current approach remains cautious: don’t chase. Wait for certainty. Prefer selling into the rebound, and consider low-entries only when pullbacks find support. Manage position size and do proper risk control—only then can you survive long-term in the market.
#ADA涨近10% #原油开盘跌逾8%