ETH has become rich today! Dog traders' tricks
In the 1-hour candlestick chart, the dog traders have been stripped bare. I will use my eight years of liquidation experience to decode the 'death oscillation' operations.
The Bollinger Bands have shrunk tighter than the mining machine's shutdown price, with the price stuck at 2561.70 like a corpse. Do you remember May 25? The same narrow channel led to a 10% drop at 3 AM! Now the price is riding on the middle track at 2546.17, while the dog traders are holding onto liquidation orders worth tens of billions, just waiting for the 20:30 data release to cause a bloodbath.
The MACD bar at +7.80 looks like it’s about to take off, but in reality, this is the dog traders' ancestral pig-killing trap! The +9.2 bar line on May 13 lured in buyers, resulting in a $80 million long position liquidation in half an hour. This time, an even more sinister fake golden cross burial 2.0 version is coming!
Three life-saving theories:
1. 2500 is a paper graveyard: The 1.8 million ETH staking on-chain looks impressive, but the depth chart shows $230 million in short orders lurking below 2450. A break below will directly replicate the 3.12 halving disaster.
2. 2587 has the short army's coffin capital: Some contract is pressing $150 million in short orders between 2580-2600; dog traders have recently been playing 'fake breakthroughs followed by massive sell-offs' tricks.
3. Volume has shrunk to ant eggs: The trading volume has plummeted by 47% in the last 5 hours, with large funds waiting for the 20:30 US CPI bomb — the expected core CPI is 3.4%; exceeding 0.1% could cause ETH to crash.
Trading strategies:
Spot traders: Sell half of your position at the current price of 2561.70, keep bullets to buy the dip at 2400.
Contract traders: Chase long if it breaks 2587.39 with a $30 stop loss; if it breaks below 2504.95, chase short and set a stop-loss at 2450.
Are you trapped? When to buy the dip? It's still the same saying: if you're confused and helpless and don't know what to do, click on my profile and comment. I need fans, you need references.
Focus for the day: NXPC PEOPLE ETH BTC
