A few days ago I mentioned that ETH at 4700 would absolutely not break past 4800, and one could choose to take profits at the top, but I didn't expect to still get criticized.
Currently, the expectations have been realized, and now it has dropped from 4700 to 4300. Last time, my prediction was correct.
Next, I still have a slightly bearish outlook. The leveraged positions that chased high prices won't be able to withstand losses and will definitely have to cut losses when selling pressure comes, making it even harder to rise. Moreover, the overall environment is not favorable, so don’t rush to catch the bottom and be a bag holder. This time, taking profits at the top was successful because I remembered "stay away from busy places"; next time there’s such a crazy scene, I need to stay clear-headed!
When ETH was at 4700, I advised everyone to take profits at the top, precisely because the FOMO sentiment was too strong, yet not many made money.
$ETH
