Recent market trends and subsequent ambush opportunities🚀🚀🚀
Bitcoin has recently been in a sideways state, also due to panic selling triggered by the ancient whales offloading their assets. Most altcoins have been consolidating, seemingly waiting for something.
Ethereum surged to around 3480, and the subsequent pullback is normal since everyone expected the first exit point to be above 3400. Retail investors have mostly begun to take profits, leading to a temporary selling pressure.
However, the core of our operations remains focused on going long. When a pullback occurs, we enter long positions. ETH's bottom is getting higher, and the recent trend is quite strong; there isn't much room for a drop【shorting against the trend can easily lead to being trapped】. Due to the panic selling of Bitcoin, many large holders have started to increase their positions in Ethereum, including continuous inflow from ETF funds.
Currently, 3480 is just a temporary resistance. After the US stock market opens this evening, I expect it to stabilize and continue to hit the peak, especially since there will be a wave of short liquidations around the 3500 mark🥳🥳
Evening entry points for Ethereum: Enter around the effective support near 3400. Cautious fans can enter around 3380-3360, while aggressive fans can build a position around 3410-3425, with a stop loss at 3325-3315🦄🦄
