This is the thought process of a previous teacher on X, what do you think? I hope it comes true.
The ETH 1-hour strategy is to first induce a short squeeze and then rally. A small-level pullback is brewing around 2650, which will knock out the short positions of retail investors, creating a wave of panic, enticing contract traders and various generals to go short, and then suddenly it will explode, wiping out retail short positions, and then moving upward again, ultimately breaking through 3000, directly reaching 3500, and then looking for direction to pull back.
Ethereum has been held for 4 years, and institutions have fully brewed at the bottom. This time, it will wipe out all long positions + retail investors, and then take off.
