$ETH Midday Analysis of the Double Bottom

✅Bullish Conditions (Follow the trend on the right side)
• 1-hour timeframe stabilizes above 2320 with volume (breakthrough of the Bollinger middle band at 2318), confirming stabilization, then follow up with long positions, stop loss below 2298, target at 2338-2359, further aiming for 2387-2407.
• Retrace to support zone of 2250-2273, showing signs of stopping the decline (hammer bottom + decreasing volume), can try small long positions, with a defensive stop at 2219.
✅Bearish Conditions (Follow the trend on the right side)
• 1-hour timeframe breaks below 2298-2300 with volume (Bollinger lower band), rebound is weak and unable to recover, follow up with short positions, stop loss above 2320, target at 2250.
• Touching the strong resistance zone of 2387-2407 above, short-term play for a pullback, if a strong breakout occurs above 2423 high, stop loss on shorts is unconditional.
Technical Logic
1. 4-hour cycle: Overall weak, main trend is oscillating downward
Bollinger Bands: below the middle band at 2340, in the Bollinger middle band resistance zone, and MACD shows a death cross (DIF crossing below DEA, green bars continuing), the bearish trend has not reversed.
Key support: Bollinger lower band at 2273, risk of breakdown persists.
Pattern: The decline since the previous high of 2463 has not been broken, indicating a high-level oscillation weakening state, consistent with the "triangle consolidation breakdown" judgment.
2. 1-hour cycle: Facing resistance and oscillating, weak recovery
Bollinger Bands: hovering around the middle band at 2318, with the upper band at 2338 exerting direct pressure.
MACD: DIF and DEA still below the zero line, although a golden cross is forming, but momentum is insufficient, indicating a weak rebound without reversal signals.
Key levels: Resistance concentrated in the 2320-2338 zone, short-term support at 2298-2300.
3. 15-minute cycle: Narrow range oscillation, waiting for a breakout
Bollinger Bands: price near 2310 close to the middle band at 2308, with upper at 2315 and lower at 2300, in a very small range with no clear direction.
MACD: green bars shrinking, rebound momentum weakening, short-term support may be tested again.
#加密市场行情震荡 #Gate13周年现场直击 #eth