EIA Refined Oil Inventory in the U.S. for the week ending May 23

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The Ethereum market is experiencing significant fluctuations, and investors need to remain vigilant. Recent market trends have validated the investment principle that "buying the dip is not advisable in a bear market." Latest market trends: First, the BlackRock ETF decision has been confirmed to be postponed, and the U.S. Securities and Exchange Commission officially announced that the relevant decision will be delayed until July. Secondly, on-chain data shows significant fund movements: approximately 48,000 Ether were observed to be transferred from whale addresses to exchange platforms within a single hour, such a scale of fund transfer is worth noting. Technical analysis shows three key signals: The trading volume indicator shows a weak trend, with the current trading volume at approximately 27.97 million USD, significantly lower than the 5-day average trading volume of 43.22 million USD, only reaching about 60% of the average volume, indicating a lack of upward momentum in the market. The MACD indicator is operating below the zero axis, with a DIF value of -23.72 and a DEA value of -22.52 forming an unfavorable technical pattern. The green histogram body of -2.39 indicates that the downward trend may continue. The price is under pressure from multiple moving averages, with the 6-hour chart showing clear resistance at $2878. If the price breaks below the support level of $2433, it could trigger a large-scale liquidation event, potentially dropping to the $2380 area. On-chain metrics are also not optimistic: The main exchanges have seen a negative premium phenomenon, reaching -1.2%, indicating significant selling pressure from institutions. The funding rate remains at -0.18%, indicating that the current bearish strength is relatively strong. Despite the issuance of 200 million USDT by Tether, these funds seem to be temporarily staying off-exchange and have not flowed into the market. What is worth paying close attention to is that the on-chain withdrawal behavior of institutional investors has明显增加. Whether this is for redeploying funds or a sign of losing confidence in the market needs further observation. In the current market environment, it is crucial to rationally analyze technical indicators and on-chain data to make prudent investment decisions.

Reasonable position management is the foundation of successful trading. Today we will delve into the "sub-position" strategy and its application in trading. A split strategy is a management method that divides the total funds into multiple independent units. The specific operation is to divide the total funds into 5-20 separate positions. Taking $10,000 as an example, it can be divided into 5-10 units, and each unit is controlled at $1,000-$2,000. It is important that the investment in each trade should not exceed the amount of a single split position, so that even if a single trade fails, the risk is strictly limited to a manageable range. With this strategy, the monthly return target can be set between 15%-25%. Risk Control Principles: When the losses of a single sub-account reach the set threshold, trading should be immediately terminated and an observation period should begin. Leverage should be used cautiously, with a recommendation to maintain it between 3-10 times, and never exceed 10 times to avoid excessive risk. Funding Supplement Mechanism: Gradually expand the position scale through the principle of compound interest. Unused funds can be stored in the spot account as reserves. For example, if a single position of 1000 USD incurs a loss of 300 USD, 300 USD can be transferred from the spot account to replenish the position, restoring its full trading capability. This split position system not only helps with emotional management but also provides a stable trading experience in volatile markets, making it one of the important strategies for professional traders to survive in the long term.

Good afternoon! The overall market is quite calm today, with Bitcoin slightly down and altcoins performing a bit weaker. The attack by Iran on the Israeli stock exchange early this morning further dampened market sentiment, but a recovery is expected tomorrow. The current market fundamentals remain good, with the Ethereum/Bitcoin ratio staying above 0.02346, and Bitcoin also stabilizing above $102,000. The panic and uncertainty in the Middle East remain high, as evidenced by the strong performance of USDT.D. We need to see it drop to around 4.70% today in order to alleviate the pressure on altcoins and Bitcoin. Today is a holiday in Brazil, so I am temporarily away from chart analysis. I will post the latest Bitcoin chart later today.