Both SPX and ETH showed a strong rally, but now we’re seeing early signs of rejection:
• SPX dropped sharply from 0.5169 to 0.4861 (≈ -6%), printing a bearish candle at the top of the Bollinger band.
• ETH follows with a rejection near the upper band too.
• RSI on both charts was above 57 — momentum was hot, but likely overextended.
• Coinbase Premium still barely positive at +2.78 — no strong institutional demand behind the rally.
• Volumes on the sell candle spike — smart money unloading?
Timing matters: All this happens just 2 hours before major economic data (NFP + Unemployment) and a Fed speech.
My View: This smells like a setup to trap late buyers. No long positions until after the news drops. I’d rather miss a few % than get caught in algo-driven volatility.
Protect capital first. Patience wins.
• SPX dropped sharply from 0.5169 to 0.4861 (≈ -6%), printing a bearish candle at the top of the Bollinger band.
• ETH follows with a rejection near the upper band too.
• RSI on both charts was above 57 — momentum was hot, but likely overextended.
• Coinbase Premium still barely positive at +2.78 — no strong institutional demand behind the rally.
• Volumes on the sell candle spike — smart money unloading?
Timing matters: All this happens just 2 hours before major economic data (NFP + Unemployment) and a Fed speech.
My View: This smells like a setup to trap late buyers. No long positions until after the news drops. I’d rather miss a few % than get caught in algo-driven volatility.
Protect capital first. Patience wins.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。