3.29 Sunday Big Celebration Midday Market Analysis: $ETH 1H level repeatedly tests above 2000, with exceptionally thick buy depth, and more than 300 ETH orders on the wall near 2010. The 4-hour MACD histogram begins to expand upwards, and bearish momentum is weakening. In a negative fee rate environment, the position remains stable, and selling pressure is continuously digested.
Operation Suggestion: Go Long
Entry: Enter directly near the current price of 2010.5, or place an order at 2004.5 to catch the spike.
Stop Loss: Below 1988
Target 1: 2032
Target 2: 2050
Trade Management:
- Execution Strategy: Once the price reaches the first target, move half of the position's stop loss to the entry price. The remaining position aims for the second target; exit completely if it drops below 2010.
The 1-hour RSI has pulled back from the oversold zone to the 50 midline, indicating a momentum shift. Market data reveals key information: the buy orders in the top five levels far exceed the sell orders, clearly exposing the intention to support the price. The lower Bollinger Band on the 4-hour chart forms a gravitational pull near 1990, but the price refuses to drop deeply; such divergence is often a precursor to a trend reversal. The current risk-reward ratio exceeds 5, making it worthwhile to take a small risk for a potential rebound.
Personal advice is for reference only, trading involves risk, and investment requires caution! Pay attention to position control; staying alive is more important than anything else.
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