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詳情:https://www.gate.com/announcements/article/50291
Looking at ETH daily and 4-hour charts, the oscillation range is clearly narrowing. It's gone from wide swings to increasingly tighter consolidation, with trading volume also contracting significantly.
This is the institutions building their position, laying out their setup in advance. The script is basically written: highly likely to see a sharp plunge first, smashing down to around 1950-1900, cleaning out some of the floating chips at the daily level, then quickly bounce back and rip higher with strong momentum, exactly like that move in May last year.