The most expensive thing in the cryptocurrency world is not ETH, but the retail investors' ‘I thought’—you think bottom fishing is easy money, but to the big players, you are just an ‘automatic teller machine’!
The truth about ETH market: Don't be fooled by the “technical analysis” nonsense!
Now the 1-hour K-line for ETH looks like a documentary of a “vegetable slaughterhouse”: the price is stuck at 4010, the upper 4050 feels like a wall, and the lower 3960 seems to be the floor, but in fact it’s “made of paper”.
My bold statement: This wave of market is not “oscillating,” but a clear attack from the big players to kill the bulls!
Three failed attempts to break 4050, the trading volume shrinks like “a grandmother's needle eye,” and the bulls have exhausted all their energy on “calling orders”; the liquidation data is bloody: 1.6 billion long positions liquidated in 24 hours, while only 20 million in short positions—bulls collectively “kneel,” do you still dare to catch falling knives? U.S. employment data hit hard: unemployment claims lower than expected, Fed rate cut expectations cool down, the dollar rises, and cryptocurrencies directly “suffer collateral damage,” this wave is “when it rains, it pours”!
Three principles for retail investors' survival: Now bottom fishing = giving the big players a year-end bonus!
Don't believe the nonsense that “3960 must hold”!
Yesterday's rebound was an “entrapment for the bulls,” if it breaks below 3960 this time, the next stop is 3890—don’t challenge the big players' scythe with “I thought”!
Leverage players clear their positions immediately!
Low volatility is the most dangerous; a single “spike” can have you liquidated to the point of questioning life. Remember: in the cryptocurrency world, living long is 100 times more important than earning quickly!
Want to bottom fish? Wait for these two signals!
Either ETH breaks above 4050 with significant volume and surpasses the resistance level at 4135 (only then will the big players really push the market up); or the liquidation data reverses (more shorts liquidated than longs), indicating that bears concede defeat, and the market may reverse.
Otherwise: all “bottom fishing” is just offering your head to the big players!
There’s no ‘sure profit’ in the cryptocurrency world, only ‘survive’! If you are itching to trade now, first ask yourself three questions:
Can the big players' knife reach me? Can my principal withstand a single liquidation? In this market, am I the main character or cannon fodder?
Follow Shence, and learn to see through the big players' tricks, live in the cryptocurrency world like a “wise old fox”! #加密市场回调
