The market has tortured me thousands of times, but I treat trading as if it's the first time we meet! A pullback is not the end of the world, but a reorganization of opportunities!

Brothers, last night ETH played a heart-pounding roller coaster again, dropping nearly 150 points from the high and returning directly to around 4500. The reason is not complicated, just two words: selling pressure. Data shows that the whale Cumberland sold 47,000 ETH in one go, worth 210 million USD, which is not a small amount.

But I must say, although the drop was sudden, the bulls also did their best to catch the fall. In my words — the hem is slightly dirty, but the body hasn’t fallen yet. This is not a crash, just a washout.


Today's liquidation map:

If you were a market manipulator, would you choose to kill the bears or the bulls! Let's discuss in the comment section!


A summary of the current situation in one sentence:

The bullish support around 4500 is quite good, which can be seen as a key short-term support. If it doesn't break on the retracement, it is an opportunity to get on board.
This is the current dividing line between bulls and bears, and it also determines the life and death line of short-term direction.

Today's trading strategy:

For the aggressive traders, you can try a small long position around the current price of 4500, with a stop loss at 4480 and the target first looking at 4550, and if it breaks through, then looking at 4600.

For the conservative traders, patiently wait for the 1-hour line to firmly stabilize above 4520 before considering entering a long position.

Better to miss than to make a mistake.


If you are unclear about the specific entry point,follow Old Zhao's homepage, keep an eye on my homepage, I will give 1-on-1 reminders to friends who follow me in the village 24 hours a day.

Old Zhao's honest words:

Trading is not about guessing rises and falls, it's about acting on signals. What market manipulators love the most are those who lack patience, panic when it drops, and chase when it rises. Don't be swayed by emotions, don't be influenced by the market, rules first, discipline above all.