Brothers, this morning Lao Chen called '4500 is the golden pit', and the market has given ample respect, directly counter-attacking to above 4630 in the afternoon, definitely the 'grand finale of the golden August'.
This is the dealer's trick—first, they hit you hard, making you doubt life; then they slowly pull back, executing a textbook short squeeze. What we set up this morning is to capture this 'counter-kill meat'!
Let's review today’s three-step play:
Midnight crash: pushing the price down to 4460, creating panic, and retail investors cut losses.
Morning consolidation: the market looks confused, while the dealer quietly takes positions, and the chips are exchanged.
Morning rally: directly recovering lost ground, emotions completely reversed, the bears are confused.
This operation is a classic script of 'panic dumping—washing out and absorbing chips—pulling up with the trend'.
Tonight there's another key point: 20:30 US initial jobless claims announcement
Brothers, don’t underestimate this data, it is the Fed's 'weather vane':
If the number increases (weak employment) → the market will look forward to the Fed cutting interest rates, risk assets (including ETH) will benefit directly, bullish points!
If the number decreases (strong employment) → the market worries that the Fed will continue its hawkish stance, which may bring a wave of short-term volatility, but don’t panic, in this case, ETH is just a minor episode, it doesn’t change the overall trend.
In other words, tonight after 20:30, it is very likely to be the 'ignition moment' for the market.
So, how do we play next?
First level: 4600
Now let's focus on whether we can stay above 4600; 4600 is the key to whether the counterattack can continue. If we hold, the market will directly open the door to 4750.
Second level: 4700-4750
There will be considerable selling pressure in this area, as many people are trapped here. But as long as the trading volume holds up, the bears basically have no chance.
Overall trend: the probability of closing high at the end of the month is increasing, this trend will only boost the market's bullish sentiment.
Special reminder:
If we spike and pull back to 4550-4560 tonight, don’t panic, this is a chance for a second confirmation.
The essence of the market is always emotion + capital: retail investors panic and sell off, while the dealer takes the opportunity to buy. When retail investors chase highs in excitement, the dealer starts to distribute. Therefore, in operations, one should learn to get on board during panic and hold back during peaks. Lao Chen's articles don't boast or paint a rosy picture, they only teach you practical survival skills. Follow Lao Chen for daily entry strategies and know in advance. #ETH走势分析
