Currently, the ETH market is experiencing intense fluctuations near 2160. The early morning drop near 2125 and the SSL operation must have turned many bulls into fuel. This liquidation is only to clear obstacles for the upcoming directional choice.
1. Macroeconomic changes: #特朗普缓和局势
1 Latest update: Trump officially reversed his stance on the delay of the strike plan against Iran's energy facilities by 5 days. 阿苏合约交流群
The extreme panic of the previous 48 hours has temporarily eased, but the asymmetrical calming over these 5 days essentially creates a vacuum period for large institutions to retreat or adjust positions, and the risk has not been eliminated.
2. Energy suppression: Although the strike has been postponed, crude oil violently rebounded to around 104 this morning.
As long as this fire of oil prices does not go out, high inflation expectations will firmly lock in the rebound limit for bulls. It is unrealistic to expect a sharp V-shaped surge in such an environment. #阿苏实战
3. New York DAS Summit: Officially opening today, global whales are watching BlackRock's compliance stance on the staked version of the ETH ETF.
Before the benefits are officially realized, the current sideways movement is to repeatedly harvest those who are not confident with high leverage. $ETH
2. Technical structure: Loss-clearing logic under ICT theory
1 Liquidity liquidation: This morning, ETH precisely backtested the support at 2120-2130, completing the liquidation of bottom stop-loss positions, which proves that the support range I mentioned in the square yesterday is extremely effective.
2 Structural observation: The current 2160 is at the lower edge of a bearish OB on the 4H level. If it cannot stabilize above 2180 with volume today, the current rise is merely a distribution continuation.
3 Target warning: The FVG at the upper level of 2240 is still a strong magnetic attraction zone, but be careful of institutions using this gap for the final inducement to go long. #Write2Earn