English
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Brothers, are you flustered by the ETH market again today? The price is like a roller coaster, rising high and falling again, with repeated tests around US$3,970. You hold the coin in your hand, and your heart is pounding: should you continue to hold it, or run away? Don’t worry, Lin Xi will break down the market for you in plain English today and help you seize this wave of opportunities! Let’s take a look, why do I say ETH may take off tonight? News side:  I just caught the news. Before the US CPI data is released tonight, the market is betting crazy that the Federal Reserve will cut interest rates by another 50 basis points this year, with a probability of 93.4%! To put it simply, the Federal Reserve may have to "release water". If there is more money, the stock market and currency circle will easily rise. This is like a shot of stimulant to the market - as the leader of cryptocurrencies, can ETH not follow the rise? Remember, news is a catalyst for the market. If the data tonight is good, ETH is likely to take advantage of the momentum to break through! Technical aspect:  Pressure level: $4108 - This is the recent "ceiling". If you get over it, the sky will be brighter. Key level: $3990 - There have been many shocks today. Although it has temporarily lost ground, once it stands firm, the bulls will regain their strength. Support level: $3811 - the "safety net" below. If it falls here, it may be a bargain hunting opportunity. RSI indicator: RSI1 has reached 84, indicating that it is overbought in the short term, but don’t be afraid, the trend is not over yet, and a pullback is an opportunity to get on board! My prediction: ETH is likely to rise to $4,020 today, or even higher. Why? Because the market needs to be "washed up" - shake out unsteady retail investors, take back more buy orders, and then suddenly pull up. If you sell in a panic now, you may fall before dawn! Operation suggestions: Buy in batches: Don’t be fooled! Wait for the pullback to test the water with light positions near 3950-3970 US dollars, stop loss below 3900, and increase positions above 4050. Keep an eye on the news: CPI data will be released tonight, if it is good, follow the order immediately； If it is negative, wait patiently for a correction. Mentality management: The most taboo thing about currency speculation is chasing the rise and killing the fall. Remember, the market is always born out of despair and rises out of hesitation! This wave of gains is just the appetizer, the real explosion is yet to come! At which position did the main force receive enough chips? Will the next target be 4200? If you want to follow Lin Xi and learn more about the practical logic of "not stepping into pitfalls" in the currency circle, follow Lin Xi. I will make detailed arrangements in the village!  |
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