This week's macro recovery rally faced resistance, and Nvidia's earnings report did not reverse the market. Most tech giants still remain weak in pre-market trading! Assuming that the US-Iran geopolitical conflict will not erupt directly and that the latest 15% tariffs are not announced, the market may stay in a cautious and optimistic phase. The January PPI on Friday might provide a short-term boost to the market, but the effect is expected to be limited. Caution is advised for potential volatility and downward risks!
From a technical perspective on Ethereum, during the US trading hours, ETH did not break through the 2100 level for a second time, and currently, the hourly chart shows a break below the middle band of the Bollinger Bands, which is a significant test. The current price is near the 2000 critical level, and whether it can hold steady needs further validation. ETH evening reference: Short at 2033, target 1973. Defensive 40 points #BTC
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This week's macro recovery rally faced resistance, and Nvidia's earnings report did not reverse the market. Most tech giants still remain weak in pre-market trading! Assuming that the US-Iran geopolitical conflict will not erupt directly and that the latest 15% tariffs are not announced, the market may stay in a cautious and optimistic phase. The January PPI on Friday might provide a short-term boost to the market, but the effect is expected to be limited. Caution is advised for potential volatility and downward risks!
From a technical perspective on Ethereum, during the US trading hours, ETH did not break through the 2100 level for a second time, and currently, the hourly chart shows a break below the middle band of the Bollinger Bands, which is a significant test. The current price is near the 2000 critical level, and whether it can hold steady needs further validation.
ETH evening reference: Short at 2033, target 1973. Defensive 40 points #BTC