Cryptocurrency Academy: On October 29, Ethereum (ETH) daily green bars shrink, and four-hour red bars emerge. What does divergence between large and small cycles mean?

Today, there's not much philosophy to discuss, just a simple statement: slow is fast. I know there are people in the group who chased after it at 2360 yesterday and are now floating losses of dozens of dollars today, asking me what to do. I asked if you thought clearly about where to set your stop-loss when you bought? If you didn't think it through, don't take action. The biggest fear in trading is not losing, but losing confusingly, holding on confusingly, and ultimately turning small losses into big ones. What this market lacks the least is opportunities; what it lacks the most is capital. Look at those who have truly lasted until the end; none became wealthy overnight, but all survived. This weekend, I plan to review the structure of this drop from 2600 thoroughly; I will post my notes in the group, and we can discuss together. The market will recover; let’s all be patient.

The volume on the daily candlestick is noticeably shrinking. Everyone should pay attention to the EMA15 at 2398 and EMA30 at 2449; the price is all suppressed below the short and medium-term moving averages, indicating that the strength of the medium-term bulls has not yet recovered. The only exception is the EMA120 around 2335, which is very close to the current price; this is the key support and resistance level to monitor today. The Bollinger Bands are beginning to narrow, with the middle band at 2417 pressing down from above and the lower band at 2297 supporting from below. The MACD is still showing green bars, and the DIF is heading down below zero, indicating that the large timeframe bearish trend has not been reversed, but the rate of decline is slowing. The TD countdown for declines has reached 7, two counts away from a nine reversal, making the daily chart resemble a consolidation test after a downward trend, rather than a singular downward movement.

The four-hour candlestick is currently right at the middle band of the Bollinger Bands, positioned at 2333. The most critical signal is that the MACD’s DIF has now crossed above the DEA, and the red bars are starting to increase in volume; this is the first sign of a bullish rebound at the four-hour level. But I must pour some cold water on this: the upper EMA30 is at 2350 and EMA60 at 2376, pressing down layer by layer, with the price not even recovering the EMA15 yet, indicating that the rebound is currently just an oversold correction, not a trend reversal.

Short-term reference:

Northern movement from 2310 to 2280 met with resistance, stop loss of 30 points, target looking at 2370 to 2420.

Southern movement from 2380 to 2420 faced stagnation, stop loss of 30 points, target looking at 2340 to 2300.

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