7.16 Midnight Thoughts on the Market

Today is too late, and coincidentally, Xiao Zhuge has caught a cold as well, so there's no need for excessive technical analysis. Recently, the sentiment has been very strong, and it almost reached 3100 at night. Many people have been particularly confident about this, saying it will reach new highs. Indeed, it has been more resilient than Bitcoin in recent days and has rebounded higher, but we must ask:

Is it truly strong? Or is it just a pullback on the way?

The easiest trap in this kind of market is — you see it stabilizing and think the bottom has been reached, but the main players are just toying with you, grinding you down, and then suddenly slamming you back to the floor.

Personal suggestion

Market: Suggest shorting around 3090-3140, targeting 3000-2920, and maintaining a long-term outlook of 2800! $ETH #CPI数据来袭