Brothers and sisters, are you excited about the ETH good news that flooded the screen last night? 'Wall Street funds are flowing in to build positions', 'Ethereum is severely undervalued'... Institutional big shots suddenly sing bullish together, and ETH has jumped to 2800, as if there is really a big market coming? Don't rush! The tycoon will today reveal what tricks are hiding behind this 'Emperor's New Clothes'!
1. Institutions singing bullish? Beware of sugar-coated shells!
'Building positions' is a big joke! Can these institutional big shots worth billions really outsmart us? Back in April when ETH was still sitting at 1500, the tycoon had already uncovered evidence of Wall Street secretly building positions! I spent two months, averaging 600 words a day urging everyone to buy the dip in ETH! Now ETH is already at 2800, and they jump out shouting 'Wall Street is building positions'? Only a fool would believe that! This script is too clichéd!
Where is the bad water? To put it bluntly, they just want to fool us retail investors into rushing in to be the 'bag holders'! They have stockpiled goods that have risen, making a fortune on paper (look at the market, some institutions have already started to quietly take profits and run! The attached image is evidence!), now they need someone to take over at a high price. They avoid the main points and completely ignore the fact that they have already loaded up at the bottom, only boasting that 'funds have just come in', isn't that clearly digging a pit? Especially since they are holding a large number of call options, just waiting for the market to rise and cash in!
2. Candlestick patterns don't lie! The trend is still there but don't act recklessly!
The technicals are indeed strong! To be frank, ETH's weekly chart has steadily stood above 2500 for 5 consecutive weeks, moving the most steadily and healthily among mainstream coins. The monthly chart has also broken through a key resistance level. As long as this 'iron bottom' doesn't break, it will be a launching pad for future takeoff! The tycoon maintains the judgment: The possibility of hitting historical highs by the end of the year is very high!
Is it risky to rush in now and chase the highs? Right now, if you believe the institutions and chase the highs, you might make some small profits in the short term (after all, the trend is there), but it is definitely not because 'the institutions just built positions'! That's their fabricated story! At the current price level, without a substantial amount of real money continuously driving it or explosive substantial good news landing (like an ETF suddenly being approved), is it feasible to expect another violent surge immediately? Difficult!
Tycoon's heartfelt operational guide:
Brothers and sisters holding ETH spot: Hold on tight! Stay steady! The medium-term trend is positive, don't let short-term fluctuations shake you out.
For those who want to get in but haven't bought yet: Please hold back! Don't rush in just because institutions are calling out! The tycoon strongly advises: Wait for a pullback! Wait for a more comfortable and safer position to enter the market. Going in now, the cost is too high, the risk is too great, it's not worth it!
The tycoon has one last thing to say: Information in the crypto world is everywhere, the louder the institutions shout, the more we need to keep our eyes wide open! Don't be blinded by clichés like 'Wall Street is building positions'. Understand the bottom cards, maintain the rhythm, and only then can we laugh until the end! Follow the tycoon, and I will guide you through the fog to seize the real opportunities!