7.20 Evening Thoughts of the Concubine

The concubine continues to show strong performance tonight, with the daily line having closed with 7 consecutive bullish candles, indicating a very clear trend. Behind this, institutions and whales continue to accumulate, suggesting that this upward movement still has potential, and it is highly likely that we will push for higher positions.

In such a strong market, we shouldn't think about shorting; going against the trend can easily lead to being 'educated' by the market. Going long in line with the trend is the main theme at this stage.

Personal suggestion:

If ETH pulls back to the 3660-3640 range, consider entering long in batches, with a short-term target of around 3750-3850.

Set a stop-loss at 3620 to manage risk well and hold positions in line with the trend.

In summary: Go with the trend, don’t fly against the wind 🚀🚀🚀