I just took a look at ETH’s 15-minute and daily charts, and my spine is a bit chilly. $ETH
Many people ask me, “Is it possible to bottom-fish at 2492 now? Is a rebound coming?” I directly show them these two charts.
Look how ironic the走势 is:
👉 On the daily timeframe, it has just climbed up from the bottom, seemingly setting up a reversal. But on the 15-minute chart, after falling from the 2566 high, the candlesticks have already started to frequently poke up and down with wicks—rebound momentum is weak.
👉 The current price is 2492, right around the middle band of the Bollinger Bands. What does that mean? It means that all those people who bought the bottom at 2350 are holding their profits. As soon as anything stirs the market, they become the biggest force for dumping.
👉 The trapped positions above 2566 haven’t been digested yet. Chasing long at this time is basically helping those people who stood guard at the highs get out of their bags.
This is the classic awkward phase: pressure overhead, support underneath.
My response strategy (for reference only—survive first):
❌ Never chase blindly: If you enter now, your cost is 2492, while the bottom-fish crowd’s cost is 2350. You’d be lifting the chair for the main players.
✅ Key levels to watch:
First support (for adding longs / taking long entries): 2450 - 2460. This is the top of the platform from the previous upswing. If price pulls back here and can hold, you could consider a small-position attempt to trade the rebound.
Major resistance (an “escape” point): 2550 - 2566. The overhead pressure from the prior high is too heavy. Unless there’s a breakout with volume, this is likely the short-term ceiling.
Stop-loss rule: If it breaks below 2420, it means the trend has reversed. The main players are starting large-scale distribution—don’t fantasize; run!
Trader’s thoughts:
In this market, a “rebound” doesn’t necessarily mean a “reversal.” When everyone thinks a breakout is coming, that’s often when the market is baiting longs. Better to miss the tail-end of this move than be the last person to place a buy order.
Don’t trade in the dark in the crypto market. If you want to avoid pitfalls and stay profitable, follow Qige’s rhythm.
Many people ask me, “Is it possible to bottom-fish at 2492 now? Is a rebound coming?” I directly show them these two charts.
Look how ironic the走势 is:
👉 On the daily timeframe, it has just climbed up from the bottom, seemingly setting up a reversal. But on the 15-minute chart, after falling from the 2566 high, the candlesticks have already started to frequently poke up and down with wicks—rebound momentum is weak.
👉 The current price is 2492, right around the middle band of the Bollinger Bands. What does that mean? It means that all those people who bought the bottom at 2350 are holding their profits. As soon as anything stirs the market, they become the biggest force for dumping.
👉 The trapped positions above 2566 haven’t been digested yet. Chasing long at this time is basically helping those people who stood guard at the highs get out of their bags.
This is the classic awkward phase: pressure overhead, support underneath.
My response strategy (for reference only—survive first):
❌ Never chase blindly: If you enter now, your cost is 2492, while the bottom-fish crowd’s cost is 2350. You’d be lifting the chair for the main players.
✅ Key levels to watch:
First support (for adding longs / taking long entries): 2450 - 2460. This is the top of the platform from the previous upswing. If price pulls back here and can hold, you could consider a small-position attempt to trade the rebound.
Major resistance (an “escape” point): 2550 - 2566. The overhead pressure from the prior high is too heavy. Unless there’s a breakout with volume, this is likely the short-term ceiling.
Stop-loss rule: If it breaks below 2420, it means the trend has reversed. The main players are starting large-scale distribution—don’t fantasize; run!
Trader’s thoughts:
In this market, a “rebound” doesn’t necessarily mean a “reversal.” When everyone thinks a breakout is coming, that’s often when the market is baiting longs. Better to miss the tail-end of this move than be the last person to place a buy order.
Don’t trade in the dark in the crypto market. If you want to avoid pitfalls and stay profitable, follow Qige’s rhythm.
