#Strategy加仓BTC Ethereum's recent market movement still feels a bit虚. It surged to $3400 in the early hours but then lost momentum, repeatedly oscillating around $3360. Now, although it barely touched $3450, it seems to lack strength.
To be honest, the $3400 level has been a hurdle for several months, with aggressive selling pressure. When the price quickly rises, it starts to oscillate, indicating that buying power isn't enough to break through. The key is whether the $3450–$3480 zone can be held down—if it continues to be targeted, that would be problematic.
From a technical perspective, trading volume is quite critical. If subsequent volume continues to shrink or if the price rises but trading remains light, the risk of a pullback will increase. The first defense line is around $3330–$3350 (near the previous consolidation center and short-term moving averages). If this level is broken, it could directly test the support at $3280–$3300.
Overall, although the recent breakout above the early morning high is promising, whether it can hold remains uncertain. Without clear volume support, it could easily reverse and fall back into the old pattern of upward spikes followed by downward oscillations. Caution is advised.
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GasFeeCrybaby
· 9h ago
Another wave of false breakouts, the 3400 level is really stubborn to the point of being infuriating. If the trading volume doesn't follow through, it's just a facade.
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AirdropSkeptic
· 9h ago
I'm already tired of this level 3400; it's always bluffing, waiting for a pullback.
#Strategy加仓BTC Ethereum's recent market movement still feels a bit虚. It surged to $3400 in the early hours but then lost momentum, repeatedly oscillating around $3360. Now, although it barely touched $3450, it seems to lack strength.
To be honest, the $3400 level has been a hurdle for several months, with aggressive selling pressure. When the price quickly rises, it starts to oscillate, indicating that buying power isn't enough to break through. The key is whether the $3450–$3480 zone can be held down—if it continues to be targeted, that would be problematic.
From a technical perspective, trading volume is quite critical. If subsequent volume continues to shrink or if the price rises but trading remains light, the risk of a pullback will increase. The first defense line is around $3330–$3350 (near the previous consolidation center and short-term moving averages). If this level is broken, it could directly test the support at $3280–$3300.
Overall, although the recent breakout above the early morning high is promising, whether it can hold remains uncertain. Without clear volume support, it could easily reverse and fall back into the old pattern of upward spikes followed by downward oscillations. Caution is advised.