#ETH走势分析 Powell's possible early resignation news caused a global panic in the capital market. The encryption side also couldn't hold on, with Bitcoin plunging from 91000 to a midday low of 85563, while Ethereum was even harsher, crashing down from 3030 to below 2830. This sudden unfavourable information came too quickly, and the positions that were still bullish in the morning were basically wiped out.

But that's how the market is. When the direction is wrong, you admit defeat and stop loss, then immediately turn around and follow the short. In the afternoon, I placed a Bitcoin short position near 88611 following the trend, and sold at 87285, making over 1300 points; for Ethereum, I entered short at 2900 and exited at 2828, earning 72 points. Although I lost a bit on the long position in the morning, the short position this time directly made up for it and still left a surplus.

The technical aspect is now very clear: the large bearish candle on the four-hour level directly pierced the lower Bollinger Band. Although there was a slight recovery afterwards, this kind of rebound cannot be sustained against the backdrop of continuous unfavourable information in the fundamentals. On the hourly chart, there indeed appeared three consecutive small bullish candles, but if you look at the direction of the Bollinger Bands opening—it is still opening downwards, indicating insufficient buying support, and the upper resistance has not been fully released.

At the moment, I tend to continue to look bearish at this position. If Bitcoin rebounds to around 87000, I can look for opportunities to place short positions, with the initial target at the integer level of 85000; for Ethereum, 2880 is a good short point, and there should be support at 2700 below. Of course, if there are any more unexpected developments in the fundamentals, the rhythm may need to be adjusted.

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