#ETH巨鲸增持 The recent trend is quite interesting. It has surged three times in a row, but each time it has returned defeated, forming a visible and tangible resistance band above. What's worse is that while the price hovers at a high level, the Trading Volume is gradually shrinking.
What does this indicate? The buying pressure has already reached its limit, and the strength of the bulls is clearly insufficient. From the 4-hour chart, the MA20 moving average is exactly pressing on this area, which is technically a typical signal of a rebound meeting resistance. This position is actually a short opportunity window after a trend pullback.
Today, you can pay attention to these few: BID, PIPPIN, ARC, A2Z, SKYA. The market sentiment is changing, and we should be more cautious in our operations.
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PumpAnalyst
· 11h ago
Three failed attempts to reach the top, with shrinking volume, this wave is indeed the market maker accumulating. But while being bearish, I still have to remind everyone not to blindly chase the shorts, and make sure to set a stop loss, brothers.
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DegenDreamer
· 11h ago
It's this kind of routine again, three consecutive bearish candles can’t hold against the resistance line, and the trading volume is still shrinking, quite interesting.
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The short order window has opened, but I'm still waiting, afraid of being hammered.
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MA20 is pressing, buying can't hold up, this wave is indeed a bit weak.
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YALA with this rhythm, can Bitcoin stop the turbulence and take a break?
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Pay attention to these few, but it feels like BID and PIPPIN have been a bit cold recently.
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Shorting is fine, but I’d rather see what the ETH Whale is up to again.
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Trading volume is not cooperating, rebounds are facing resistance, a typical case of no one catching a falling knife.
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SingleForYears
· 11h ago
It's the same old trap of shrinking volume; I bet five bucks it will break the level this afternoon.
#ETH巨鲸增持 The recent trend is quite interesting. It has surged three times in a row, but each time it has returned defeated, forming a visible and tangible resistance band above. What's worse is that while the price hovers at a high level, the Trading Volume is gradually shrinking.
What does this indicate? The buying pressure has already reached its limit, and the strength of the bulls is clearly insufficient. From the 4-hour chart, the MA20 moving average is exactly pressing on this area, which is technically a typical signal of a rebound meeting resistance. This position is actually a short opportunity window after a trend pullback.
Today, you can pay attention to these few: BID, PIPPIN, ARC, A2Z, SKYA. The market sentiment is changing, and we should be more cautious in our operations.