26th concubine publicly shares their thinking:
1. The most stringent sanctions the U.S. has imposed on Iran have taken effect, and the Middle East conflict has compounded this by pushing up energy and fertilizer costs. U.S. agriculture has fallen into the most severe crisis in 40 years, while inflation expectations continue to run hotter. Expectations for Federal Reserve rate cuts have cooled, the U.S. dollar index is likely to strengthen, risk assets face pressure from capital outflows, and in the crypto market, concentrated profit-taking at high levels has triggered an exit.
2. On the daily timeframe, price has held above all major medium- and long-term moving averages, and the uptrend of the bulls remains largely unchanged. However, the RSI has entered an extremely overbought zone. After a series of sharp rallies, bullish momentum has begun to wane, the upper Bollinger Band is under pressure, and there is a need for a technical pullback and correction.
Trading suggestion: rebound to around 2460, then move south
First 🎯2400
$ETH #美国加密股指数涨5.04%
1. The most stringent sanctions the U.S. has imposed on Iran have taken effect, and the Middle East conflict has compounded this by pushing up energy and fertilizer costs. U.S. agriculture has fallen into the most severe crisis in 40 years, while inflation expectations continue to run hotter. Expectations for Federal Reserve rate cuts have cooled, the U.S. dollar index is likely to strengthen, risk assets face pressure from capital outflows, and in the crypto market, concentrated profit-taking at high levels has triggered an exit.
2. On the daily timeframe, price has held above all major medium- and long-term moving averages, and the uptrend of the bulls remains largely unchanged. However, the RSI has entered an extremely overbought zone. After a series of sharp rallies, bullish momentum has begun to wane, the upper Bollinger Band is under pressure, and there is a need for a technical pullback and correction.
Trading suggestion: rebound to around 2460, then move south
First 🎯2400
$ETH #美国加密股指数涨5.04%
