The four-hour chart has seen two consecutive large bearish candlesticks, and the rebound is unable to take off at all. The moving average system has completely deteriorated, spreading downwards one by one, and the support levels are continuously moving down.
Currently, the bears are still in control. If you want to short, consider entering in the range of 2880-2900, with an initial target at 2800, and if it breaks that, it will head straight to 2700.
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AllInAlice
· 20h ago
It's this kind of market again. It's most frustrating when all the moving averages are spread out. Going short at 2880 feels a bit greedy; better to wait until it breaks below 2800.
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Mehdi850
· 12-01 05:25
good luck
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GasFeeGazer
· 12-01 03:22
Entering at 2880? I think it's unlikely, the speed of breaking this level is too fast, directly heading towards 2700 is not a dream.
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MeaninglessGwei
· 12-01 03:10
Two bearish belt holds get dumped and you still want to rebound? Hehe, dreaming.
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HallucinationGrower
· 12-01 03:04
Here comes the dumping again, it's really annoying.
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GateUser-b5579b48
· 12-01 02:59
HODL Tight 💪
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GateUser-b5579b48
· 12-01 02:59
Bull Run 🐂
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DataBartender
· 12-01 02:53
Smashed again and again, when will it rebound... Can 2700 really come?
#美联储恢复降息进程 12.1 Morning ETH Trend Observation:
The four-hour chart has seen two consecutive large bearish candlesticks, and the rebound is unable to take off at all. The moving average system has completely deteriorated, spreading downwards one by one, and the support levels are continuously moving down.
Currently, the bears are still in control. If you want to short, consider entering in the range of 2880-2900, with an initial target at 2800, and if it breaks that, it will head straight to 2700.
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