9.18 ETH analysis
ETH hourly cycle: after rebounding from the 2367 low, the current price has reached the vicinity of the upper Bollinger Band and is showing pressure and a pullback. The Bollinger Band opening is slightly widening, and short-term bullish impulse momentum has started to weaken. The order book shows the buy-side ratio is only 46%, indicating relatively weak buy-side strength. This rally is more of a passive follow-up to the broader market rather than a strong independent bullish trend. Combined with potential negative expectations from external policy events, sell pressure accumulates gradually; after a short-term high, the risk of a pullback increases.
For the trading approach, prioritize selling/shorting on rallies. The area around the upper Bollinger Band is the core resistance zone. Only if price breaks out and holds above the upper band with increased volume should the direction be reassessed. Downside support can be seen at the Bollinger middle band. Since news can easily trigger a fast spike downward (a quick wick), be sure to trade with light position sizing, strictly set stop-loss orders, and avoid risk caused by sudden volatility.
Trading suggestion: 2490-2520🈳, target 2420-2380.
$AAPLB $ETH $BTC
ETH hourly cycle: after rebounding from the 2367 low, the current price has reached the vicinity of the upper Bollinger Band and is showing pressure and a pullback. The Bollinger Band opening is slightly widening, and short-term bullish impulse momentum has started to weaken. The order book shows the buy-side ratio is only 46%, indicating relatively weak buy-side strength. This rally is more of a passive follow-up to the broader market rather than a strong independent bullish trend. Combined with potential negative expectations from external policy events, sell pressure accumulates gradually; after a short-term high, the risk of a pullback increases.
For the trading approach, prioritize selling/shorting on rallies. The area around the upper Bollinger Band is the core resistance zone. Only if price breaks out and holds above the upper band with increased volume should the direction be reassessed. Downside support can be seen at the Bollinger middle band. Since news can easily trigger a fast spike downward (a quick wick), be sure to trade with light position sizing, strictly set stop-loss orders, and avoid risk caused by sudden volatility.
Trading suggestion: 2490-2520🈳, target 2420-2380.
$AAPLB $ETH $BTC
