Brothers, I'm your old friend Xiao Chen, I've been staring at the market until my eyes are blurry! Ethereum has experienced a roller coaster of a market today, still leaning bearish.
Tonight is more exciting, with two big 'bombs' hanging over our heads, it's all about the heartbeat!
SEC Hearing: These big shots are the masters of mindset! The timing is uncertain, but the key is their recent attitude towards Ethereum has been very ambiguous! There are rumors that they might classify Ethereum as a 'security' (like stocks), if they announce it tonight, bam! The price will plummet like free fall! Just thinking about it makes my liver tremble! But! A reversal might come out of nowhere—previously, the SEC head hinted that they might approve an Ethereum ETF this summer (a channel for big funds!). What if a positive news suddenly pops up in the hearing? Whoa! That scene... the shorts would be instantly crushed, directly rubbed on the ground! Exciting, isn't it? This is purely a blind box, brothers!
CME Ethereum Futures Settlement: To put it professionally, it's about big contracts expiring. The key is tonight! Those big players will either close their positions or shift them, when big funds move, the market will tremble! Don’t forget the historical lessons; when Bitcoin futures were introduced on CME, the market went bearish for quite a while! Although Ethereum may not necessarily repeat that, caution is essential; at this crucial moment, the volatility is definitely not small!
So how is Xiao Chen planning to operate?
Strategy: Look for opportunities to short around $2450-$2460!
Target: First look at $2400, more aggressively at $2380! If the SEC really stirs things up tonight or if the settlement triggers a sell-off, this target is not hard.
Life-saving stop loss: must be set above $2480! Why? If the price really goes up, it means our bearish logic is wrong, or there’s a sudden positive news, at this point don’t be stubborn, just run! Preserving capital is crucial! Remember, a stop loss is not admitting defeat, it's a chip for the next battle!
The biggest variable is policy! A word from the SEC can flip the table in an instant! If they suddenly throw out some positive news about the Ethereum ETF... Oh! Then the shorts won't just be rubbed, they'll be sent straight to the sky! I've experienced this too many times; in a policy-driven market, any technical analysis can be turned to dust in a second! So make sure to control your position well, don’t go all in!
Tonight's market is definitely 'either heaven or hell'! Do you think the SEC will release positive or negative news tonight? Place your bets in the comments! Or to make it more exciting, what price point are you planning to buy the dip? Follow me, Xiao Chen, I might stay up late for a live market watch at midnight! I'll share my operations and first-hand information in real time! On such a big volatility night, Xiao Chen will help you avoid pitfalls and seize opportunities, isn’t that appealing? Hit follow, don’t get lost!
