Old Bao: It could surge or plummet

————————————————————

Last night was full of thunder but little rain; there was no plummet nor surge, which is situation three.

Iran indeed turned out to be a smokescreen. It’s quite simple: if you were the decision-maker in Iran, would you inform the world a day in advance that you were going to launch a nuclear bomb tonight? Would you give the global financial community a chance to liquidate and short?

Moreover, Old Bao's traditional remarks have always been like this: interest rate cuts could come quickly, or they might not come quickly. This is different from those masters at the Plaza: it could surge or plummet.

Now let's take a look at the Ethereum market. After a night of fierce long and short battles, Ethereum tested the 2460 support three times and the 2540 resistance four times, yet failed to break through this entire consolidation zone.

In this narrow consolidation zone, there really isn’t much to do; at most, you can take a light position on the left side, lurking at the pressure and support levels, and ride the fluctuations to capture a profit of 40 points up or down.

Everything else is left to time; patiently wait for the market to give you a satisfactory entry point, and keep your hands steady.