$LINK institutions frantically bought 800 million dollars! Is it a short-term pullback or a precursor to a surge?

Recently in the cryptocurrency circle, the performance of the on-chain oracle leader LINK has been relatively resilient.

Although it has dropped significantly today along with the market, from the daily chart, it hasn't even broken half of last week's big bullish candle, just filling the previous price gap, and overall it is still hovering in an upward channel. Once market sentiment warms up, it is likely to bounce back up first, and then challenge the previous high resistance level of 27.

Currently, technically, LINK is oscillating between the 23 to 26 range. Although the 4-hour candlestick chart has been showing bullish candles consecutively, and the moving averages are tilting upwards, it needs volume support to overcome the 26 hurdle. In the short term, one should be cautious as 897,000 ETH will soon be unlocked, which may lead to a market sell-off. However, the sudden surge in trading volume on the decentralized platform XBIT indicates that funds are looking for a safe haven, which could be a good signal for LINK.

Looking at the long term, the fundamentals are quite strong: large institutions like BlackRock are quietly increasing their positions through ETFs, the EU's MiCA regulations have solidified the status of technical assets like ETH, and with Ethereum's Proto-danksharding upgrade and EIP-5005 protocol optimization, the benefits of performance improvements have yet to be fully realized.

My personal judgment is that 23 is a critical support line in the short term; if it breaks down, it might seek a bottom around 22, but if it can stabilize above 26, the next step could be a push towards 30. In the medium to long term, two things need to be monitored: first, the progress of technical upgrades, and second, the intensity of institutional buying. In terms of operations, it is recommended to use 60% of funds to buy spot for the long term, 30% to invest in Layer 2 ecosystem projects, and the remaining 10% for hedging against volatility; don't put all your eggs in one basket.

When to enter, when to exit? How to catch strong coins? What should the take-profit be set at? Thirteen Auntie will inform fans on Luxury Skirt at the first moment; as long as you follow my thoughts and implement what I say, you will definitely reap rewards! #加密市场回调 #山寨季何时到来？