Evening market analysis, ETH four-hour 'death cross'! CPI countdown, holding long = 'suicidal' operation?
Right now, the ETH four-hour chart is fraught with danger, like walking on a tightrope at the edge of a cliff. The core conflict is extreme overbought conditions hitting a liquidity trap, forming a 'death cross', with the danger level maxed out. Key data all warn of risks: the price is above the upper Bollinger band, RSI has reached historical extremes, trading volume is severely lacking, EMA divergence is high, and MACD is also diverging, all signaling a potential crash.
The five major death cross validations are even more frightening: breaking the Bollinger band is an illusion, RSI above 93 is a kill signal, both volume and price momentum are diverging, liquidity is exhausted, and the CPI countdown acts like a ticking time bomb, making every choice fraught with peril.
Bullish and bearish strategies must consider the CPI situation; go short if there's a nuclear explosion, also go short on technical declines, and even if a miraculous reversal happens, don't chase longs.
Personally, I think holding long now is looking for death, as ETH is trapped in a 'fourfold deadlock', with technical, macroeconomic, liquidity, and historical patterns all pointing to danger.
Therefore, those holding long should quickly liquidate, while those in cash can open short positions, and also set up a 'doomsday protective shield' to hedge risks. At the same time, keep a close eye on on-chain data, derivatives, and technical indicators; with such high volatility, holding long is suicidal, so hurry up and cut positions to save yourself, or you will become a victim of the market.
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