Brothers, this weekend ETH pulled back from 2600 to 2860, it looks like a recovery, but I have to say a big truth—this rebound is too inflated, don’t rush to go ALL IN! Do you think the reversal has come? Be careful of the market makers smashing the market to make you stand watch! The most critical question now is: is this rebound a real reversal or a false peak? Will there be a sudden change today?
Market sentiment seems to be warming up, but there are hidden dangers!
Although the giant whale added 4000 ETH in one breath and opened a 20x long position, the liquidity over the weekend was poor, and the trading volume didn't increase at all! What does this indicate? Most funds are still on the sidelines, and there is simply no one to follow the rally. It's like a group of people watching a show, with sporadic applause— the script can't continue, and it will collapse sooner or later!
More importantly, the expectation of the Federal Reserve delaying interest rate cuts and the fluctuations in the US stock market make it risky for large funds to rush into the crypto market. At this time, when whales push the market, it feels more like testing market sentiment; once they find insufficient following, they could reverse and short at any moment!
Today's direction: A rise followed by a fall is highly likely!
The logic is very clear:
1. Limitless rebound = Playing dirty: 2900 is the watershed for bulls and bears, without a volume breakout, it's all just a trap!
2. The movements of whales are shrouded in mystery: He dares to go long 20 times because he has a hedge; going long without coverage is playing with your life!
3. Monday liquidity returns: If Asian funds don't step in, Western institutions may very likely sell off!
Short-term trading strategy
Resistance level: 2900 (only bullish if broken)
Support levels: 2800 (turns bearish if broken), 2700 (strong support)
If you're unsure about the specific entry point, you can follow Old Luo; specific situations require specific analysis.
Old Luo's summary:
Remember my words: Better to miss out than to make a mistake! The market is like a romantic relationship—sudden enthusiasm may not be true love, it could just be a trick. Follow me, at critical moments, Old Luo will give you a reality check, better than the market giving you an ice bath!
There are no deities in the crypto circle, only smart people who can read signals. Old Luo doesn't brag or make empty promises; he only teaches you practical survival skills. Follow Old Luo, and layout in advance every day in the village! If you want to stay updated and find Old Luo, we synchronize our positions, and I will share my profits with you.#美国非农数据超预期 $ETH
