#美国非农就业数据表现优于预期 🔍 Review of ETH trend on the evening of November 23

Looking at the 4-hour level, this rebound of ETH seems a bit weak. Every time it touches the middle track, it gets pushed back down; the upper channel is being pressed hard, and the overall situation is a downward fluctuation. What's worse is that the trading volume is shrinking during the rebound, and this kind of volume-less rise is basically a signal to lure in buyers — the buying power can't hold up at all, and the bears are still dominating the rhythm.

The price climbed from a low of 2735 to 2843, looking like it might gain momentum. After the big bearish candle on the 21st, the downtrend indeed stopped, and there were two consecutive days of bullish candles, suggesting the bulls seem to be gaining strength. However, a closer look at the indicators reveals issues:

The MACD fast and slow lines are still below the zero axis, although there are signs of a rise, and the red bars are starting to emerge, indicating that the bearish strength is weakening. However, this seems more like a technical repair after an oversold condition rather than a genuine trend reversal. The RSI is currently at 48.34, remaining lukewarm in the neutral zone, and there is no significant fluctuation in market sentiment.

The moving average system is more interesting: the 7-day moving average (2801.89) has just crossed above the 30-day line (2871.38), indicating that there is indeed short-term rebound momentum. However, the 120-day moving average is still high at 3215.85, and the mid to long-term bearish pattern remains unchanged. In this divergent structure, the rebound is more likely to be a secondary layout opportunity for bears.

💡 Current operational thinking:
Wait for ETH to bounce back to the resistance range of 2860-2870, and consider shorting with a light position. The first target is 2820, and after breaking, pay attention to the two supports at 2780 and 2750. Remember that the market is always changing, and this strategy has a time sensitivity; specific entry should still be combined with real-time market conditions.

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