Unlock your phone. ETH is at 1882, fluctuating only about $10 over the past 24 hours.
I’m not overthinking this chart—I’m bearish.
I plan to place sell orders at 1887–1888, set a stop-loss at 1893, and first watch 1865.
1893 is within my own tolerance range—don’t copy it.
RSI 42.2 is relatively weak; it’s still far from oversold, and the downside hasn’t reached exhaustion.
MACD’s DIF is -0.2543, still below the zero line—bearish momentum remains dominant.
MA5 is at 1881, MA20 at 1883. The death cross is still there, and price is stuck in between.
The Bollinger Bands are slightly biased upward, but the bandwidth is only 0.4%. This narrow channel can open up at any time.
In the past 24 hours, spot volume is 0.89B USDT—roughly in line with the 20-day average volume. There’s no sign of fresh capital rushing in.
One detail: both support and resistance are squeezed within a $2 range.
Support is 1864–1866, resistance is 1887–1888.
This is a typical late-stage convergence.
If 1865 breaks, the stop orders below will trigger one after another, and only then will the bears add positions.
If volume increases and it holds above 1888, my short order is invalid—I’ll admit I was wrong.
Honestly, I can’t be certain which direction this narrow channel will break.
But both the signals and the risk-reward ratio are on the bearish side.
Last time we saw a setup like this, the next day it gave direction.
#BTC #ETH #行情复盘 #币圈 #cryptocurrency
I’m not overthinking this chart—I’m bearish.
I plan to place sell orders at 1887–1888, set a stop-loss at 1893, and first watch 1865.
1893 is within my own tolerance range—don’t copy it.
RSI 42.2 is relatively weak; it’s still far from oversold, and the downside hasn’t reached exhaustion.
MACD’s DIF is -0.2543, still below the zero line—bearish momentum remains dominant.
MA5 is at 1881, MA20 at 1883. The death cross is still there, and price is stuck in between.
The Bollinger Bands are slightly biased upward, but the bandwidth is only 0.4%. This narrow channel can open up at any time.
In the past 24 hours, spot volume is 0.89B USDT—roughly in line with the 20-day average volume. There’s no sign of fresh capital rushing in.
One detail: both support and resistance are squeezed within a $2 range.
Support is 1864–1866, resistance is 1887–1888.
This is a typical late-stage convergence.
If 1865 breaks, the stop orders below will trigger one after another, and only then will the bears add positions.
If volume increases and it holds above 1888, my short order is invalid—I’ll admit I was wrong.
Honestly, I can’t be certain which direction this narrow channel will break.
But both the signals and the risk-reward ratio are on the bearish side.
Last time we saw a setup like this, the next day it gave direction.
#BTC #ETH #行情复盘 #币圈 #cryptocurrency