Crypto friends, I am Zhao Gongming. Did last night's surge after the CPI data make you excited? But the 'sudden change' early this morning is the market's real trump card! Follow Zhao Gongming, and I'll help you see through every 'good news rally to sell' capital trick.
News:
The 'bullish' effect of last night's US CPI data was quickly digested by the market within an hour and led to a violent surge, but this actually became the best 'cover for retreat' for smart money. The real highlight today – the Bank of Japan's clearest interest rate hike in nearly 30 years is about to land, and this is the 'Sword of Damocles' hanging over global risk assets! It will directly withdraw liquidity from the global market and may push up US Treasury yields, which poses a huge macro bearish pressure on all risk assets, including ETH.
Technical analysis:
The one-hour candlestick chart brutally shows: a death cross trend has formed, and the bullish momentum has sharply dwindled, which is irrefutable evidence of the exhaustion of bullish forces! Prices are firmly suppressed below the critical level of 2870, and even touching the rebound resistance at 3000 seems out of reach. The technical analysis system has issued a consensus of 'strong sell' from the 1-hour to the 1-week cycle. More critically, the funding data reveals the truth: although there is speculative inflow in short-term contracts, the spot funds and medium to long-term contract funds are continuously flowing out, indicating that large funds are quietly exiting with each rebound.
If you think Zhao Gongming's analysis of the 'trap of inducing more' can help you avoid deep entrapment, you can follow Zhao Gongming, this kind of topping escape technique must be mastered.
Zhao Gongming's views and operational suggestions:
Zhao Gongming is firmly bearish. He believes that the short-term stimulus from the CPI has completely ended, and the global liquidity tightening expectations triggered by Japan's interest rate hike will become the core logic driving the market. The technical analysis of ETH has completely broken down, and a decline is highly probable. Shorting on rallies is the main strategy.
Advice for those holding positions: You must seize any opportunity for prices to rebound to the 2950-3000 range, and decisively reduce positions to minimize risk exposure.
Advice for those on the sidelines: Focus on looking for signs of weakening rebounds in the 2950-3000 range, and position for short trades. The primary target for the downside is the 2770 support level, and if it breaks, it will further test 2700.
Remember, in a clear downward trend and macro headwinds, all rebounds are just for better declines. Protect your principal and wait for the trend to clarify.
If you do not know the specific entry timing and exit points, and fans holding positions can follow Zhao Gongming, Zhao Gongming will announce the daily cryptocurrencies and entry points as well as exit timings in the chat room!#美国非农数据超预期 #ETH走势分析
