#BinanceABCs Looking at the $ETH trend, it's quite interesting— the hourly chart has already consolidated into a flat line, and next week is likely to see an upward breakout, and the bears should be squeezed out. To be honest, currently shorting Ethereum carries some risk, as the rebound rally isn't over yet. This wave still favors a bullish outlook, with a higher probability of the rebound continuing. If it truly breaks through this consolidation zone, the pressure on the bears will be directly released.
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NotFinancialAdvice
· 13h ago
This wave of short selling is indeed dangerous. After being stuck in consolidation for too long, a breakout will trigger a violent surge.
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LiquidationWatcher
· 13h ago
Consolidating into a straight line? Haha, that's a perfect way to put it. It really feels like it's about to move.
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TokenTaxonomist
· 14h ago
lol actually, statistically speaking, horizontal consolidation doesn't automatically signal breakout direction—per my analysis of eth price action, this is taxonomically just a midpoint distribution pattern, nothing more exotic than that. data suggests otherwise on the "inevitable squeeze" narrative tbh
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ImpermanentTherapist
· 14h ago
It's been consolidating for so long, is it time to move, just waiting for the moment of breakdown?
#BinanceABCs Looking at the $ETH trend, it's quite interesting— the hourly chart has already consolidated into a flat line, and next week is likely to see an upward breakout, and the bears should be squeezed out. To be honest, currently shorting Ethereum carries some risk, as the rebound rally isn't over yet. This wave still favors a bullish outlook, with a higher probability of the rebound continuing. If it truly breaks through this consolidation zone, the pressure on the bears will be directly released.