Fundamentals: Two Major Pressures Overlap, Market Accelerates Downward

① Lack of news, the market is washing upwards
On Sunday, the mainstream market was closed, leaving the market lacking news guidance. Taking advantage of a slight rebound in BTC, ETH saw a retaliatory surge. However, due to a lack of fundamental support for upward movement, the market retreated from high levels, which is typical of a lure and wash scenario.

② US military night raid on Iran, geopolitical risks surge
After 3 AM today, the US military carried out a night raid on the Revolutionary Guard rocket launchers on Iran's Qarak Island, claiming they were preparing to lay naval mines. This is the first public acknowledgment of US military action against Iran since the end of July. Iran swiftly vowed to retaliate and claimed to have launched missiles at US military bases.

This geopolitical turmoil, coupled with the Federal Reserve just signaling a hawkish stance and already heavy bearish pressure, adds new factors to the situation, causing ETH to accelerate downward.

Technical Analysis: Key Levels and Trading Strategies

ETH (4-hour chart)

The market rebounded to the 2536 resistance level and then retreated, with the main trading range narrowing to 2507-2316. The current main support level is at 2396.

📌 Short-term traders:

• Wait for a rebound near 2378 to give a reversal signal to go short, stop loss at 2510

• Or pay attention to the short opportunity after breaking below 2391, stop loss at 2437, targeting 2316

📌 Swing/trend traders:

• Primarily wait and see, look for reversal buying opportunities near 2316

• And consider momentum buying opportunities after breaking above 2507

SanDisk

The current market is consolidating above the 1444 support level, patiently wait for a short opportunity after a breakdown on the hourly or 4-hour chart. Stop loss at 1477, targeting 1339.

SK Hynix

The hourly chart has completed a head and shoulders top decline, currently above the support level resonating with the previous low in the 4-hour channel. Today is mostly wait and see, waiting for direction to become clear.

• Want to know more details and specific operations, see you in the live broadcast room tonight, where we will analyze the market and look at the K-lines in real time.

  (

  

  TS: Three apps can be downloaded from the app store, scan to add)

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。