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ETH Structural Breakdown! Is the Bear Hunt Already Started?🏹
1️⃣ 4H Level Official Breakdown:
The last dignity of the bulls ($1,970 support line) was lost today with increased volume. The 4H candle closed with a "bare shadow large bearish candle," directly piercing through the Fibonacci 0.5 level. This is not a retest; this is the collapse of the trend.
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2️⃣ Bearish Decline Pattern Initiated:
The standard 1H downward channel has formed, and each rebound to the EMA 20 is a precise "trap for trap." Current Price Action indicates that the bearish momentum has not yet fully released, with magnetic support below near $1,865.
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3️⃣ Trading Strategy:
❌ Strictly avoid catching falling knives on the left side: The 4H candle body is too large, usually indicating at least a second dip.
✅ Follow the trend: The current logic is "rebound then short."
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- Summary:
Do not try to beat the trend. When the avalanche occurs, the only thing to do is run faster than the snowball. Wait patiently for signals in the $1,837 - $1,865 zone.
#ETH #当前行情抄底还是观望? #Gate春节赛马红包嘉年华 #我在Gate广场过新年