#ETH
The hourly key support has been completely broken; the moving averages have all turned downward and firmly压下 (press down) the price. The downtrend has been fully confirmed and opened up. In the short term, there are repeated tests of rebounds, but there is absolutely no volume to support them. Every time the price rises, it ends up falling back. The rebound has no strength at all—it's just weak, range-bound consolidation to repair. The larger bearish downtrend is now completely established.
In the afternoon, Korean stocks plunged more than 8% directly, and panic sentiment across the entire Asia-Pacific market fully erupted. Looking through historical market behavior, this kind of market panic has never failed to spread to the global screens. Coupled with the overall weakness in the semiconductor and technology sectors, volatility in the U.S. stocks later this evening will certainly keep intensifying. The pressure from overseas risk-off selling will continue to spread.
At the moment, the market setup is very straightforward: only trade in the direction of the trend. As long as the price rebounds into resistance, it is an excellent opportunity to short. For the first target of the short-term bears, watch the 1480 key level. Once this point is broken, the downside room will be further and fully amplified.
#bStocks正式上线 #苹果股价跌6.1%
The hourly key support has been completely broken; the moving averages have all turned downward and firmly压下 (press down) the price. The downtrend has been fully confirmed and opened up. In the short term, there are repeated tests of rebounds, but there is absolutely no volume to support them. Every time the price rises, it ends up falling back. The rebound has no strength at all—it's just weak, range-bound consolidation to repair. The larger bearish downtrend is now completely established.
In the afternoon, Korean stocks plunged more than 8% directly, and panic sentiment across the entire Asia-Pacific market fully erupted. Looking through historical market behavior, this kind of market panic has never failed to spread to the global screens. Coupled with the overall weakness in the semiconductor and technology sectors, volatility in the U.S. stocks later this evening will certainly keep intensifying. The pressure from overseas risk-off selling will continue to spread.
At the moment, the market setup is very straightforward: only trade in the direction of the trend. As long as the price rebounds into resistance, it is an excellent opportunity to short. For the first target of the short-term bears, watch the 1480 key level. Once this point is broken, the downside room will be further and fully amplified.
#bStocks正式上线 #苹果股价跌6.1%
