Just after saying that Ethereum would keep rising, it immediately surged. Next, you can either wait for a breakout above the previous high and then chase it, or chase after a breakout with a pullback. It may just surge straight away and not give you a chance to retrace. #ETH
$MAGMA If I short it, you probably all made money, right? DAF has always been watching the order books of all kinds of low-cap/meme coins. He’s also doing real trades—so you can follow his orders and save yourself the time spent staring at charts.
$ETH short-term bears dominate! $1580 area is key resistance 📉
On the ETH 1-hour chart, the rebound peaked around $1610 and has since dropped with consecutive red candles, pulling back to $1574.
The 1-hour moving averages have formed a death cross, and the candles are under pressure—overall the short-term market bias is bearish.
Today’s trading plan:
Sell short on rallies: Watch for rejection signals as price rebounds into the $1580–$1590 area, and place your defense stop above the $1610 resistance level.
Go long on the right side: Chasing bottoms is risky. Bulls should wait for a retest of the support around $1512, or wait until price holds above $1610 before considering longs.
In the near term, bullish momentum seems to be weakening—manage your position size carefully and set a strict stop-loss!
Do you think the $1512 bottom can hold up? Discuss in the comments! #eth
Daily event contract battle report update. Today I lost money on a pork knuckle rice meal because I didn’t follow trading discipline; I’ll keep optimizing.
The data release meets expectations, and it’s still a Heaven-Earth needle market. I don’t like trading like this—if you trade, you have to control your hand.
The market sentiment has definitely shifted. We were previously guessing about rate cuts in a few months, but now the expectations for rate hikes have quietly risen. Tonight's core PCE is the first real test.
Inflation stickiness is proving to be more stubborn than we thought, with expectations directly above the previous values. Plus, with the initial jobless claims and GDP final values coming out together, if the data exceeds expectations across the board, the narrative around rate hikes will accelerate, and market volatility will be more pronounced.
Everyone, make sure to manage your positions well and pay attention to risk control. #PCE #通胀
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.