$ETH hourly chart shows an interesting downward move. The Bollinger Bands have been trending lower, with the price mostly hugging the lower band and bouncing back and forth, indicating weak rebound strength. Looking at the moving averages, the bearish alignment is quite neat, the green bars in MACD are gradually expanding, and RSI has moved away from the middle position, but it hasn't reached extreme oversold levels yet.
In simple terms, the bearish momentum is still in the release phase. During this time, a more stable approach is to follow the trend and look for rebound points to short.
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DoomCanister
· 11h ago
The short positions are neatly arranged; a rebound will crash, the rhythm is pretty good.
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OffchainWinner
· 11h ago
Bollinger Bands are rubbing against the lower band, the rhythm does seem a bit off, and the bears still need to continue releasing.
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FantasyGuardian
· 11h ago
This wave of ETH's movement is indeed a bit tough, with the bear arrangement being too neat. The rebounds are being firmly suppressed, and it seems like the selling pressure will continue.
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WhaleShadow
· 11h ago
The short positions are so neatly aligned, but it still feels like ETH is dragging its feet, with no strength in the rebound.
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MoneyBurner
· 11h ago
The short positions are so neatly aligned, I feel like I'm about to get trapped again haha
#数字资产市场动态 January 20 Morning Highlights
$ETH hourly chart shows an interesting downward move. The Bollinger Bands have been trending lower, with the price mostly hugging the lower band and bouncing back and forth, indicating weak rebound strength. Looking at the moving averages, the bearish alignment is quite neat, the green bars in MACD are gradually expanding, and RSI has moved away from the middle position, but it hasn't reached extreme oversold levels yet.
In simple terms, the bearish momentum is still in the release phase. During this time, a more stable approach is to follow the trend and look for rebound points to short.
$BTC Stay tuned.
Reference short positions: Enter at 3250–3200, with targets at 3150, 3100, and 3050.