The cryptocurrency market witnessed a terrifying moment again at dawn! ETH plunged sharply to 3055, dropping 25% from its high in just a few days— this is no ordinary correction, but a cliff-like decline signaling the start of a bear market!
In the past 24 hours, the total liquidation scale across the network exceeded 2 billion USD, with 480,000 retail investors tragically harvested. This battle of long positions is extremely brutal: 1.675 billion USD of long funds were completely wiped out, with ETH alone contributing a liquidation volume of 587 million USD, becoming the biggest 'disaster area'!
This wave of plummet once again confirms Lao Chen's precise prediction! As early as a few days ago, BlackRock and other whales have been continuously transferring large amounts of ETH to exchanges, which is a clear signal that institutions are preparing to sell! Last night, I urgently warned that 'the liquidation storm is about to hit'— my loyal fans must have exited in time, successfully avoiding this bloodbath!
This round of market action can be described as a precise hunt targeting leveraged funds! After ETH dipped to 3055 in the early morning, it violently rebounded nearly 300 points at noon — during the 'painted door' market, both long and short positions were liquidated. The intentions of the big players are clear: first, smash the market to liquidate longs, then pull up the market to harvest shorts, thoroughly cleaning out uncommitted chips and completing the market reshuffle!
The trend is clear: institutions are fleeing, whales are selling, and the overall direction is downward.
But for short-term traders — direction doesn't matter, volatility is the key to profit! A bear market has pullbacks, a bull market has corrections, and this morning's 300-point rebound is the best proof: as long as you grasp the rhythm, you can profit from declines and arbitrage from rebounds, capitalizing on the two-way market!
Core operational strategy:
Bullish rebound: Focus on the resistance levels of 3330-3350, if the rebound meets resistance here, prepare to layout short positions, and if it breaks 3380, stop loss immediately, targeting 3150.
Bearish pullback: Focus on the support levels of 3080-3100, if the pullback stabilizes, try long positions, and if it breaks the previous low of 3050, stop loss in time, targeting 3250.
Key follow-up focus: how strong will this rebound be? Once the rebound weakens and falls into a sideways trend, it will be the time to re-enter the market. Don't get caught up in bull or bear, focus on capturing opportunities amid volatility — those who want to keep up with the trading rhythm should pay attention to Dong Ge, who will guide you to profit with short-term strategies during fluctuations!#币安合约实盘
