1. Review of Yesterday: Geopolitical News Fluctuates, Market is in a "Dilemma"
Yesterday, ETH remained in a slight fluctuation trend, with neither bulls nor bears breaking the deadlock.
On the news front, there was a clear tug-of-war:
Positive side: Trump stated that negotiations with Iran have begun, the Strait of Hormuz may "open again by tomorrow at the latest," and warned that this may be the "last chance" to sign an agreement. As a result, prices rebounded from a low level.
Negative/uncertain side: The Iranian Foreign Ministry immediately denied that negotiations with the U.S. were underway, stating that there is currently no direct dialogue between the two sides, nor any meetings arranged.
With one piece of news circling back and forth, the price trend fell into a dilemma again. Meanwhile, U.S. non-farm payroll data will be released as scheduled this Friday, and the market remains cautiously watchful.
2. Technical Analysis: Downward Trend Unchanged, Range Fluctuation Continues
From the 4-hour and hourly charts, the downward fluctuation trend has not changed:
Support around $1825 has repeatedly not been effectively broken;
The short-term fluctuation range is approximately between 1892 – 1827;
Today, the market is likely to continue the range fluctuation pattern.
This means that unless a clear breakout occurs, prices are more likely to continue testing within the range.
3. Operating Thought Reference (for communication only, not investment advice)
⚠️ The following ideas are based on technical reasoning and do not constitute any operational instructions. Each person's position, cost, and risk tolerance are different, so please be sure to independently judge based on your own situation and strictly control risk.
Trend Direction (bearish outlook, waiting for signal confirmation):
Wait for the price to rebound to around 1892, and consider a short position when weakening signals appear;
or wait for a breakdown of the 1827 support and look bearish accordingly.
Short-term Long Position:
Need to wait for the price to fall to near 1827, and if a breakdown fails, then consider an upward reversal signal before taking action.
Special reminder:
Recently, the market trend has been rather chaotic; short-term traders should not cling to the battle, but rather secure profits in a timely manner and strictly adhere to discipline.
For more details and specific operations, see you in the live broadcast tonight, where we will analyze the market on-site and see the K-line logic in real-time.
（TS: Three apps can be downloaded from the app store, scan to add）
The above analysis is for market communication only and does not constitute any investment advice. The cryptocurrency market is highly volatile; participation requires risk control and rational decision-making.
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