On the 4-hour chart, the price has already broken below the middle band of the Bollinger Bands and is repeatedly oscillating below it—this essentially confirms a medium-term bearish pattern. After a large bearish candle, the rebound strength is quite weak, and no effective stabilization candles have appeared. During the rebound, trading volume continues to decline, which is concerning and indicates limited momentum for subsequent upward moves.
The MA144 and MA169 moving averages have been broken and now act as resistance above. The opening of the Bollinger Bands shows signs of expansion, clearly indicating a bearish trend.
In simple terms: in the short term, we still need to watch out for downside risks.
Trading strategy: Consider short positions in the 3250-3280 area, with targets at 3150 and 3100.
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DogeBachelor
· 4h ago
The trading volume is shrinking so seriously; it feels like there's still room to fall later. Entering a short position at 3250 seems to carry quite a bit of risk.
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ChainComedian
· 12-12 07:03
The Bollinger Bands have collapsed again. This time, it truly feels a bit precarious. I'm more anxious as trading volume shrinks. With such a strong bearish trend, I guess we'll have to wait and see.
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MondayYoloFridayCry
· 12-11 21:48
You're dumping again. Is it really going to drop to 3100 this time? The level I heard you mention last time caused me to lose everything directly.
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CountdownToBroke
· 12-11 07:10
When the Bollinger Bands open up, the bears come in. The risk of this downward move is really hard to prevent...
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ForkThisDAO
· 12-11 07:09
Once again, it broke below. This time, can it stop bouncing back and just go straight to 3000?
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BearEatsAll
· 12-11 07:08
Another round of dumping, is it never-ending?
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MysteriousZhang
· 12-11 07:05
Starting to dump again. This time, it might need to break 3100 to stabilize. The shrinking volume indicates no one is stepping in to buy.
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HashRateHustler
· 12-11 07:04
It smashed down again, and the amount of shrinkage was outrageous, this wave of bears was really fierce
#美联储降息 $ETH 12.11 Afternoon Session Technical Overview
On the 4-hour chart, the price has already broken below the middle band of the Bollinger Bands and is repeatedly oscillating below it—this essentially confirms a medium-term bearish pattern. After a large bearish candle, the rebound strength is quite weak, and no effective stabilization candles have appeared. During the rebound, trading volume continues to decline, which is concerning and indicates limited momentum for subsequent upward moves.
The MA144 and MA169 moving averages have been broken and now act as resistance above. The opening of the Bollinger Bands shows signs of expansion, clearly indicating a bearish trend.
In simple terms: in the short term, we still need to watch out for downside risks.
Trading strategy: Consider short positions in the 3250-3280 area, with targets at 3150 and 3100.