9.8 Morning Ether Silk Road

Ether weekend has compressed the 4-hour Bollinger Bands into a thin line, with upper and lower bands at 4230-4390, squeezing the space down to 160 dollars. According to convention, "it should have dropped but hasn't" — during the day, there will be a small rebound to test the 4380-4400 area; in the evening, U.S. data will be released, but major funds are unlikely to place heavy bets before Friday, so the volatility is likely to be "loud thunder but little rain." The real battlefield is at 20:30 on Thursday for the CPI:

The truth about the current sideways market: institutions are suppressing prices to accumulate chips, allowing altcoins to rise first to attract retail investors to switch cars. Once the data comes out on Thursday, the main force will either pump or dump, eliminating all following orders in one go. In short—there can be a small rebound over the weekend for short-term trading, but hold heavy positions and wait for the CPI direction to take further action; don't get shaken out by the volatility. If anyone can't understand the trend direction, don't worry! Luyao shares directional strategies every day, so just pay more attention.
#BTC#
Buy Ether in the range of 4200-4230, target 4300; if it breaks, look for 4400. Each should maintain good defense.