According to the current market data, Ethereum's four-hour level shows that the price has experienced a significant bullish candle stretch and has broken through the upper band of the Bollinger Bands. All indicators indicate a strong long positions trend, but there is a long upper wick above the bullish candle body, indicating that the momentum has not provided a certain degree of continuity. Additionally, there is some sell pressure above. From the one-hour level, after a short-term rise in the price, there has been a pullback. The KDJ indicator's J value has entered the Overbought zone, and the RSI indicator's three lines are showing a downward turn, indicating that the probability of a pullback in the future has increased. Therefore, in the morning operations, we will adopt a high short strategy after the rebound.
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According to the current market data, Ethereum's four-hour level shows that the price has experienced a significant bullish candle stretch and has broken through the upper band of the Bollinger Bands. All indicators indicate a strong long positions trend, but there is a long upper wick above the bullish candle body, indicating that the momentum has not provided a certain degree of continuity. Additionally, there is some sell pressure above. From the one-hour level, after a short-term rise in the price, there has been a pullback. The KDJ indicator's J value has entered the Overbought zone, and the RSI indicator's three lines are showing a downward turn, indicating that the probability of a pullback in the future has increased. Therefore, in the morning operations, we will adopt a high short strategy after the rebound.
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