$ETH The Battle of Bulls and Bears, Who Will Prevail?
Big Li's strategy has never been as simple as just K-lines; staying updated in real-time and closely following the big players is the way to seek stability amidst volatility.
From the order placements, it is evident that the bullish strength is significantly stronger, with a large number of buy orders at the 4200 level.
Additionally, in conjunction with the K-lines, on the daily chart, the price of Ethereum has successfully stood above the short-term moving average, and the short-term moving averages are consecutively crossing above the medium-term moving averages, forming a typical bullish arrangement. This indicates that in the short term, the buying power in the market is dominant, driving prices to continue to rise. At the same time, the distance between the moving averages is gradually expanding, showing that the bullish strength is continuously strengthening, and the market has a strong expectation for the rise in Ethereum's price. This bullish arrangement of the moving average system is a strong confirmation of the price rising trend, laying a solid foundation for further increases in Ethereum's price.
Recently, the unlocking of staked Ethereum has given some hope to the bears; with eight hundred thousand staked Ethereum, it's certain that some will be sold, leading to price fluctuations, which is quite normal. However, Big Li believes this is ultimately just a drop in the bucket and cannot change the overall trend; by Friday, the market will definitely pull back up again.
Big Li's layout is currently in progress; if you're unsure of the direction and can't understand the market, hurry up and follow along.
Strong recovery, doubling assets! Stay close to Big Li, position yourself in advance, and effortlessly reap significant profits.
Keep an eye on: API3 UMA
