$ETH Last night’s sharp drop was mainly because the U.S. government transferred 12,000 BTC, spooking the market.
The 4-hour chart is still below the moving averages, so this is an oversold bounce.
The most likely intraday move is a "spike up, then pullback."
There’s strong resistance at 2500–2510. The heatmap shows a lot of liquidation orders there, so a direct breakout will be difficult.
The suggested strategy is to sell into strength.
Wait for a rebound to around 2500 to enter a short position, set a stop-loss at 2535, and target 2460.
Don’t blindly chase longs. Only consider a small position for a short-term bounce if the price retests 2410 and holds. $JCT $AIA
In this market, protecting your principal is the most important thing!
The 4-hour chart is still below the moving averages, so this is an oversold bounce.
The most likely intraday move is a "spike up, then pullback."
There’s strong resistance at 2500–2510. The heatmap shows a lot of liquidation orders there, so a direct breakout will be difficult.
The suggested strategy is to sell into strength.
Wait for a rebound to around 2500 to enter a short position, set a stop-loss at 2535, and target 2460.
Don’t blindly chase longs. Only consider a small position for a short-term bounce if the price retests 2410 and holds. $JCT $AIA
In this market, protecting your principal is the most important thing!