📣Ethereum short positions profited nearly 100 points! How should we operate going forward?

Ethereum successfully closed short positions on Friday evening, securing nearly 100 points in profit. This round of ETH rallied to 2385.78 USDT in mid-March before entering a pullback. The 4-hour timeframe has completed a downtrend following a bearish divergence. Intraday highs reached 2168.00 USDT and lows at 2045.57 USDT. Currently, capital is flowing out and the trend is biased downward. We do not recommend blindly buying the dip; strictly control positions and stop losses.

Four-hour Ethereum Core Technical Indicator Analysis:

Bollinger Bands (BOLL) middle band 2143.03, upper band 2193.73, lower band 2092.32. Price has broken below the middle band and is running near the lower band. The Bollinger Bands overall opening downward, short-term trend biased bearish. The 2090-2095 region at the lower band is the first support. If broken, watch for 2045 as the previous low. The middle band 2143 is the first resistance level.

MACD indicator DIF: -21.80, DEA: -18.00, MACD histogram: -7.60 (green bar). DIF and DEA below zero axis forming bearish cross downward. Green bars persisting, bearish momentum still releasing. No clear reversal signal yet. Watch for green bar volume shrinking and DIF turning upward with a bullish crossover signal, which could potentially trigger a rebound.

KDJ indicator K: 49.82, D: 50.84, J: 47.76. KDJ three lines forming bearish cross near 50. J value declining first, short-term overbought already digested, entering weak oscillation range. If J value drops below 20 entering oversold, may trigger technical rebound. Currently no clear bottom-fishing signal.

Key Support/Resistance Levels:

Strong resistance 2193 (Bollinger upper band) pressuring rebounds. Breakthrough needed to reverse short-term downtrend. First resistance 2143 (Bollinger middle band) is the core pressure level for short-term rebounds.

First support 2092 (Bollinger lower band) is key intraday support. Breaking below accelerates downside. Strong support 2045 (previous low) is the important defensive level for this downtrend.

Trading Strategies (For reference only, not investment advice. Specific strategies may be released in the evening)

Bearish approach: When price rebounds to 2140-2150 range and faces pressure, can try light short positions with stop loss above 2170, targets 2090, 2045.

Bullish approach: Wait for price to stabilize above 2100, MACD green bar volume to shrink, KDJ to form bullish cross before considering low accumulation, with stop loss below 2040.

Strategies are time-sensitive. Strategy implementation is primarily through free guidance! #Gate13周年全球庆典 #加密行情震荡 #创作者冲榜 #摩根大通下调标普500预期 #比特币支撑阻力位分析 $BTC $ETH