ETH Trend Analysis at 9:45 AM on December 10

Naked K and Volume: The candlestick pattern shows a consolidation with an upward bias. Yesterday, boosted by news, there was a strong rally with increased volume, breaking through the upper resistance and establishing an uptrend. After the short-term rise, there was a pullback from the high, and it is now in an adjustment phase. It is recommended to go long on pullbacks.

MACD: The daily MACD golden cross continues, with the fast line approaching the zero axis, indicating more room to the upside from the indicator's perspective. The 4-hour histogram is weakening, and the upward momentum has temporarily paused. The 1-hour chart shows a death cross trend, indicating the short-term is in an adjustment stage.

Bollinger Bands: The daily chart shows a breakout above the upper band with volume, and the upper shadow is not very long, which is a signal for a trend reversal. It is recommended to go long on pullbacks; avoid heavy positions if your entry is not ideal to prevent a false breakout. On the 1-hour chart, trade according to the one-sided uptrend: go long at the middle band, take profit at the upper band.

Personal suggestion for reference only: The market leveraged news to achieve a strong upward move, breaking through resistance with volume. The larger trend can now be considered bullish, with a short-term adjustment after the rise. It is recommended to focus on longs after a pullback. If there is a deep pullback today, it could be considered a failed breakout, and the larger trend may return to a consolidation phase.