Bull markets may have sharp drops, but this time the knife fell too quickly—retail investors haven't even cried out in pain, and blood has already splattered onto the rooftop.
1. This morning's spike to 4060 was just a gentle trap set by the market manipulators.
This morning, ETH experienced a flash drop to 4060, seemingly quickly bouncing back to 4100, but remember: the deeper the spike, the more feeble the rebound! The market manipulators are testing the bulls' bottom line, enticing you to buy the dip, and once you are fully invested, they will slam the door. The daily chart shows no decent rebound, and the bears are clearly intent on draining the last drop of blood.
2. The technical situation has collapsed, and the bears are cutting deep.
Daily chart shows a bearish engulfing pattern + increasing volume drop: Selling pressure at high levels is overwhelming, MACD death cross with elongated green bars, RSI sliding on the ground, unable to break 40—this is not a pullback, it's a bear slaughterhouse.
Critical support all broken: 4300 and 4150 have been lost consecutively; 4000 is just a psychological barrier, the real coffin lid is at 3800! Once it breaks below that, there’s no safety to guard below, rushing towards the abyss at 3600.
3. Why must 4000 break? The liquidation assembly line of the market manipulators is already operational.
Leverage concentration camp for bulls: Near 4000, there is a pile of 1.2 billion USD in options contracts, and price spikes trigger 'Gamma squeeze', resulting in a snowball effect of liquidation orders.
Institutions fleeing overnight: BlackRock and other ETF giants have seen a net outflow for 8 consecutive days, on-chain whale holdings have plummeted by 12%, smart money has already slipped away, leaving only retail investors dancing at the ICU entrance.
4. Bottom fishing? You can't outplay the market manipulators' '3D chess'.
The institutions calling for a healthy pullback are themselves placing buy orders at 4075-4150, waiting to pick up the pieces! When it really hits 4000, they will sell off, and while you think you're buying the dip, the market manipulators want your capital. Remember: in a bear market, there's no talk of a bottom, especially with ETH, which is known for its spikes.
5. Old Zhao's practical strategy: only short, no longs, licking blood from the blade!
Short position entry: If it rebounds to 4180-4220, open a short decisively (previous support becomes resistance, a trap to entice longs).
Stop-loss setting: If it rises above 4300, stop-loss immediately, don't hold onto your position!
Target milestones: First target 3980, second target 3800, if broken, pursue a short down to 3600!
There are no deities in the crypto world, only smart people who can read signals. Old Zhao's articles do not brag or paint illusions, they only teach you practical survival skills. Follow Old Zhao for daily strategies, know in advance #加密市场回调 $ETH .
