Last night I watched the market until dawn $ETH this wave of fluctuations amused me. Clearly a bullish play, yet pretending to be 'directionless'.
Only after seeing the details did I understand that the main force was quietly paving the way.
Yesterday morning, it first touched the low of 3010 and then bounced back. In the afternoon, the momentum surged, rushing to 3179 in one go, short-term rebound nearly 170. The intensity was fierce, then it hovered around 3178 for half a day without breaking through. In the evening, it fell back to 3066. I thought it would crash, but it quickly stabilized and shot back up to 3153 in the morning.
Now it's back around 3100, fluctuating. This is not just fluctuation; it's clearly a bullish 'test'.
The technical aspect is even more obvious. The Bollinger Bands have contracted. The upper band is 3154 and the lower band is 2980. The gap between the upper and lower bands is getting narrower, but the upper band has been repeatedly pierced. Each time it falls back, it can reclaim lost ground. What does this indicate? The bullish power can suppress the bearish. The market hasn't weakened at all; a breakout is just a matter of time.
Don't let short-term fluctuations scare you away. The low of 3010 hasn't been broken, and 3060 has stabilized effectively. Bulls are sharpening their knives around 3100, waiting for the Bollinger Bands to open up, and there's a high probability it will rush to 3200. If you want to seize this opportunity, remember two points: don't go short during fluctuations, and pay close attention to the upper band breakout signals.
If you're also struggling with the direction of ETH, follow me. I'll teach you to see through the main force's 'weak' tactics at a glance. Remember, fluctuations in the crypto world are mostly building momentum. Only by sticking close to the bulls can you profit. Actively reach out to me, and I'll help you catch the right rhythm for this wave.
