This terrible market makes people furious!
ETH is currently stuck at $1906, like it's being punished, with only a damn $4 range going back and forth, shaking like an ECG. The highest was $1906.5 and the lowest was $1891. What’s the use of this less than $20 fluctuation?
Look at this broken moving average! The 7-day line is at $1902, and the 30-day line is at $1911; the two lines are almost twisted together — this is a typical market that even dogs would avoid!
The craziest part is this order ratio -53%, with all the orders being fishing orders! The buy wall at $1906.2 has 1262 ETH, while the sell wall is completely empty, the main force is clearly playing psychological warfare. The trading volume has red and green bars that seem lively, but looking closely, it’s just hundreds of small orders pecking at each other, with a net inflow of $238 not even covering the transaction fees!
Listen up! Playing contracts at this position is just asking for trouble, with spikes up and down risking liquidation every minute. Don’t even think about bottom-fishing in the spot market; the 7-day moving average has been pressed down for three days and can’t rise, clearly waiting for a large volume to push the direction down.
Remember! It’s better to sit and watch than to reach out; whoever touches this trash market loses meat! Wait for the day when a sudden explosion of ten thousand transactions occurs before making a move; for now, keep your fingers away from the trading button!
This post serves as proof; I dare you to challenge me 🤪 Once #Bitcoin
breaks $84,500, the rest of March will be an upward trend. If it breaks $84,500, it will rise to $108,000, 👉 click on my profile and follow me for the [Crypto Circle Meat Eating Handbook]!
