Ethereum is playing tricks again: it shot up to 4957, but then suddenly slammed on the brakes!
Yesterday's Ethereum was truly a textbook case of a "nasty market."
First, it surged to 4800 at 12 o'clock,
then quietly climbed to 4957 at 2 AM,
and everyone was saying: this time, 5000 is guaranteed!
But what happened?
Suddenly, it slammed on the brakes and dropped back to 4700!
How many people excitedly chased the rise, only to be killed by a single bearish candle.
In this kind of market, if you don’t get cut once, you start to doubt whether you deserve to be in the market.
So how do we understand this?
This wave of movement is essentially a combination of enticing the bulls and shaking them out.
What the main players want is not for the price to break through in one go, but to wash out the floating positions and leave all the short-term high buyers behind.
Follow-up strategy:
1️⃣ Short-term: Don't chase the highs, wait for a pullback and stabilization before entering. If it can hold around 4700, then there will be certainty in short-term buying opportunities.
2️⃣ Medium-term: The overall direction is still bullish, 5000 will come sooner or later, but it won’t let you get in easily.
3️⃣ Position: Small position testing, absolutely don’t go all in, this kind of volatile market is specifically designed to cut the careless.
Brothers,
The market seems nasty, but the logic is quite simple:
Only when some people are shaken out can others lift you up the mountain.
Those who can endure will be able to enjoy the real big gains.
