“The market is never wrong; it’s always those who misstep the rhythm – institutions never need warning when they’re cutting leeks; a crash is the perfect invitation!”
Nuclear explosion-level impact on the news:
At 22:00 last night, ETH suddenly crashed 120 points, and this morning at 7:00 it hit a low of 4060!
BlackRock is being blamed for a massive BTC sell-off! This institutional giant's move sent a bloodbath through the altcoin market, instantly triggering market panic.
On-chain data shows that long leverage was liquidated in batches, short positions took the opportunity to strangle, and retail investors rushed out to sell at a loss - this is a typical "blood-sucking sell-off" led by institutions, and it is by no means an accidental pullback!
The technical death signal is still fermenting:
Although the current price has rebounded slightly to 4151, the 1-hour Bollinger Band is still opening downward, and the price is firmly suppressed near the lower band, failing to break through even the middle band!
What is even more terrifying is that the MACD death cross continues to increase in volume, the KDJ oversold zone is blunt, and the rebound strength is extremely weak, which is a typical "downward relay".
Attention! The upper pressure level is dense (4350-4500), and the main force is placing orders layer by layer to suppress the top. Every rebound is an opportunity to escape!
A must-read warning for retail investors:
Don't be fooled by the slight rebound in early trading! Market leaders are using the BlackRock news to frantically clean up the market, hoping to force retail investors to sell at a loss and buy at the bottom.
If ETH fails to break through the 4250 mid-range resistance, the next plunge may hit 3900! Remember: a death cross will not stop the decline, and a rebound is a bearish sign!
Operation strategy:
Short-term: Short in batches when it rebounds to the 4200-4250 range, stop loss at 4300, target at 4080!
Mid-line: Wait for a large volume breakthrough of the middle Bollinger band before considering long orders, otherwise, always go high and short!
Blind trading = losses! Follow MiG and learn professional thinking and strategies, and say goodbye to "trading by gut feeling"! Click on the profile picture to start your change!
