One day in the crypto world is like a year in the human world — Last night, that 10% amplitude bullish candle on the ETH 1-hour chart left countless shorts hanging on the lamppost.

Hardcore Market Breakdown

Main Force 'Fake Move' Review
This morning's 1-hour candlestick chart is packed with information:

Midnight Ambush: The price first dropped to 2565, touching the middle Bollinger band, and then violently surged to 2635, a typical 'main force washout technique' aimed at liquidating leveraged short positions.

Key Position Game: Currently at 2582 in a sideways movement, just above the Fibonacci 23.6% support level. If it can hold here, 2600 is within reach; if it can't hold, it may retrace to the 2471.64 watershed.

Indicators Hide Secrets

MACD Showing Tricks: Although the green bars have shortened with DIF at 27.85/DEA at 29.76, the yellow and white lines have not crossed, indicating that the bulls are just 'catching their breath' and not truly surrendering.

Volume Tells a Story: Yesterday's huge bullish candle with 700,000 ETH traded combined with a volume decrease looks very much like 'the main force has had enough and locked in profits,' indicating limited selling pressure in the short term.

News is Adding Fuel to the Fire

Good News: BlackRock's ETH spot ETF has passed preliminary review, with rumors suggesting it may be officially approved by the end of July, and large institutional OTC buying continues to flow in.

Bad News: A certain whale address deposited 32,000 ETH to the exchange in the early morning, suspected to be preparing for a dump, but on-chain data shows that most remain in cold wallets.

Great Sage's Viewpoint:
News Always Serves the Trend — The market is clearly in a 'bullish control' state now, and negative news hitting may instead be an opportunity for buying. Refer to the 20% surge after the 'fake regulatory negative news' at the end of June.$ETH #非农就业数据来袭

Remember: In the crypto world, the candlesticks are drawn by the main force, but the money is yours. Now I ask you — with this ETH surge to 2600, do you think it's 'bulls returning quickly' or a 'bull trap'? Share your holding cost in the comments, and the one with the most likes will receive a (ETH swing trading) secret!

Remember! The market is not wrong; we are! I am the Great Sage, a top-tier layout team, only serving the ambitious and strategic madmen!