Brothers, how many people were bewildered by that wave of 'bad news leading to a surge' last night? Clearly, all three nuclear data points were negative (jobless claims + retail + manufacturing), yet ETH violently surged past 3670! Those who chased shorts around 3430 are either deeply trapped or facing liquidation, don't panic! The tycoon will teach you how to break the situation with five years of blood and tears experience.

Why did the bad news lead to a surge instead?
What the main players are playing is the expectation gap! Let's take a look at this set of data:
Initial jobless claims at 221,000 (expected 235,000)
Retail month-on-month rate at 0.6% (expected 0.1%)
Manufacturing index at 15.9 (expected -1)
On the surface, it's all bad news, but the big players had already laid out their strategy in advance! When retail investors follow the trend and sell off, the main players reverse and explode the short positions, a typical case of 'buy the expectation, sell the fact'!

Different emergency plans for varying positions
For those lightly trapped:
Open the K-line chart immediately! Focus on the key Fibonacci levels:

Strong support at 3580 (Fibonacci 38.2%)

Resistance level at 3720 (previous high platform)
Reduce positions in batches at the rebound to 3680-3700, cut 1/5 of the position for every 20-dollar rise, don't be greedy!

For those facing liquidation with heavy positions:
Immediately do three things:
Lock position hedge: open an equal amount of long positions to freeze the risk
Collateral borrowing: transfer positions to lending protocols (like Aave)
Time for space: mortgage ETH to borrow USDC for margin call

The tycoon's heartfelt advice: Don't be brainwashed by panic! The weekly MACD golden cross has just started, the medium-term trend is still bullish. Being trapped is not the end, I have seen tough people holding shorts from 3400 to 2000 and turning it around! The key is to manage your position well; as long as you keep the green mountains, when the bull market comes, you will still be a good man!

Did you not catch the long position of 200 points on Ethereum last night? Follow me now to get on board and only eat meat without drinking soup!!!