Around the CPI data release, the market went on a roller-coaster ride: first, a sharp drop lured in shorts and broke through psychological support, then prices quickly snapped back. In moments like this, retail traders chasing the move are the most likely to get carried away.
Ethereum’s rebound looks strong, but it still hasn’t established a firm foothold above the key resistance level. The sharp drop followed by a quick recovery suggests that some short-term bearish momentum has been released, but the broader picture remains one of weak, choppy trading. Chasing shorts now could easily get you whipsawed, while blindly buying the dip lacks confirmation from price action.
When liquidity is being violently shaken up by data, the best move is to keep your hands off the controls and wait for the market to form a clearer structure. In the short term, watch how price reacts to the key neckline. Only consider testing a short from higher levels once resistance is confirmed and buying pressure looks weak. Don’t become cannon fodder in a market full of sharp wicks.
$ETH $BTC #以太坊 #CPI数据 #行情分析 #FuturesTrading
Ethereum’s rebound looks strong, but it still hasn’t established a firm foothold above the key resistance level. The sharp drop followed by a quick recovery suggests that some short-term bearish momentum has been released, but the broader picture remains one of weak, choppy trading. Chasing shorts now could easily get you whipsawed, while blindly buying the dip lacks confirmation from price action.
When liquidity is being violently shaken up by data, the best move is to keep your hands off the controls and wait for the market to form a clearer structure. In the short term, watch how price reacts to the key neckline. Only consider testing a short from higher levels once resistance is confirmed and buying pressure looks weak. Don’t become cannon fodder in a market full of sharp wicks.
$ETH $BTC #以太坊 #CPI数据 #行情分析 #FuturesTrading