Brothers! Last night's ETH market was really exciting! Those with weak hearts probably need to take two emergency heart pills. Current price is 3844 dollars? That's just the surface; the key was last night's manipulators' combination punches, playing it smoothly, treating both bulls and bears like lambs to be slaughtered! Listen to Old Zhao explain how we retail traders can survive in this meat grinder and even take advantage of some opportunities!
Act One: Bad news? I choose to rise! This is a direct hit to your face!
At 8:15 PM last night, that certain ADP employment data from the US came out, bearish! Logically, it should have dropped, right? Hey! The market manipulators had other plans! ETH shot up from around 3750 to 3800! Can you see it now? Last night, those guys didn't take the news seriously at all! What they wanted was to use this 'news window' to stir things up, hitting the faces of those who only look at data and blindly short the market! Remember Old Zhao's words: news is the knife of market manipulators, used to see where you stretch your neck! Next time you encounter such a bearish news event that results in a price increase, don't rush to follow; first think about which side the manipulators want to squeeze the retail investors!
Act Two: At two in the morning, the plot thickens! Both bulls and bears are wiped out!
Even more shocking things happened later! At two in the morning, the Federal Reserve announced that interest rates would remain unchanged, which can be considered a neutral dovish stance, right? Logically, it should have stabilized or risen slightly, right? But what happened? The market manipulators played a massive spike! First, they stabbed down to 3670! In an instant, those brothers who chased longs around 3800 or even higher probably lost their pants; those with high leverage were wiped out! You think that's the end? The manipulators are quick with their knives! Immediately followed by a retracement, pulling back to 3840! Those who saw the plummet and thought the trend had reversed, hastily shorting at 3700 or 3600, didn't even have time to celebrate before being liquidated on the rooftop! That night, both the bulls and bears were completely annihilated! Tragic! Truly tragic!
Old Zhao's crypto trading tips: How to survive this market? How to make money?
1. Don't trust the news, watch the reaction! Just like last night's ADP, the data was bearish, but the price reacted by rising, indicating that the market does not recognize this bearishness or had expected it. Price movement is the final answer! Next time you encounter news, don't rush to place an order; wait 10-15 minutes to see how the market digests it.
2. Before major events, reduce leverage! Lock in profits! For nuclear-level events like the Federal Reserve's interest rate decision, regardless of what the expectations are, lower your leverage in advance, or at least lock in some profits from profitable positions (like closing part and setting the rest at break-even)! Surviving gives you opportunities! Most of those who got liquidated last night were brave souls who fully leveraged their bets.
3. Set 'grid orders' at key positions! You know the market manipulators like to spike and sweep stop losses, right? So place small long positions just below key support (like 3700, 3650) and small short positions just above key resistance (like 3850, 3900). Don't expect to make a fortune, just aim to profit from the spike rebound of a few dozen dollars! This is called 'picking up corpses', catching the market's emotional collapse.
4. Setting stop losses? There's a lot to learn! Don't foolishly set your stop losses at apparent support or resistance levels (like round numbers 3700, 3800); these are the very places the market manipulators love to sweep. Deviate a little, or use conditional orders (like triggering a stop loss if the price drops rapidly by X%).
Brothers, last night's double explosion of bulls and bears was absolutely not a coincidence! There are no gods in the crypto world, only smart people who can read signals. Old Zhao's articles don't boast or make false promises; they only teach you practical survival skills. Follow Old Zhao for daily strategies and know in advance #美联储利率决议 $ETH .
