$ETH The market view makes me break into a cold sweat
This wave of market manipulation has sharpened the dogs' scythes! In the morning session, the spike at 2203 exploded the long positions and then smashed through 2150, heading straight for 2050 mid-track for a heartbeat play, now stuck around the Bollinger middle band at 2075, oscillating up and down. This daily candlestick with a significant volume is standing here, clearly a warning sign of "burial ground for the long army", with a matching volume of 21.8 billion dollars capable of stripping the pants off the MA10 average volume of 5.8 billion, the dogs' script of "spend money first and then collect" is performed more smoothly than a comedy club.
The upper Bollinger band at 2250 is pressing down like Wuzhishan, while the lower Bollinger band at 1950 is now more fragile than paper, if the psychological barrier of 2000 is broken, the bears might pop champagne in celebration. But everyone knows the nature of the crypto world, the early morning U.S. session pulls a trick of a pin bar explosion of shorts then longs has been played before, and this position is now the dogs' leverage cleansing ground, in a dual kill situation, who dares to charge in headfirst?
The news front is also worrisome, although the Pectra upgrade has completed and the validator staking limit has increased to 2048 ETH, the U.S.-UK trade agreement has injected some adrenaline into the market, but looking at the on-chain data: that mysterious address has bet 40 million dollars on long positions at 2050 and is now floating 12% profit, clearly, there are big players playing "high-altitude tightrope". The technical analysts talk about the 2000-2200 oscillation range, in the eyes of the dogs, this is a ready-made liquidation ATM.
In terms of operations, heed this advice: the dogs are now specifically hunting inexperienced traders without stop-losses. Hold your wallet tight and wait for stability before moving; it's better to miss out than to make a mistake in this market — after all, the early morning U.S. session's "pin bar package" could be served at any time.
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