Woke up to see ETH has broken 4600. Since I haven't been trading contracts or doing much, I hardly check my trading account. Just opened it and saw that spot profits have increased by over 100,000! For someone like me, a small trader, I'm really content. Because I don't engage in contracts, I sleep soundly at night. When the market is good, I can just lie back and money comes in without worrying about liquidation risks.

The contract analysis reference released on the 8th yesterday indicates that if ETH breaks through 3890, do not hesitate to go long directly. Those who are already in and haven't set a stop loss have likely already made a profit and are securing their gains. Although I personally don't trade contracts, this does not affect the analysis I provide for your reference! Today, I've seen many inexperienced traders buzzing around like flies, asking everywhere if they can short. It's really alarming that they are worried about losing their money too slowly 😂

In my opinion, ETH has already stabilized at 4000, and funds are flowing into ETH! From the weekly chart perspective, there is a lot of room to the upside, and we cannot rule out the possibility of continuing to chase the previous highs or even breaking through them. At this time, do not blindly chase shorts based on feelings and hand over your money. You must endure the loneliness and resist the urge to act. Even if you can't control yourself, wait for the right signals to appear for going long or short, and set your stop loss properly because Ethereum's volatility is too high. Do not be greedy when taking profits; it's good enough to secure some gains 🥱

Currently, with prices high, spot trading is not an entry opportunity; patience is required. Next, the big players will slowly offload at high positions, and at this time, those who like to chase highs and sell lows will smoothly become high-position bag holders! Therefore, I am currently keeping my spot layout unchanged, waiting for the big players to harvest this group of gamblers before considering whether to take a bite below 4000. Even if I miss the opportunity, I can only say it’s not meant to be. Coming to the crypto world is to make money, not to lose it. I prefer to win steadily; the process is not important; what matters is the result. Have you truly made money? Don't forget I still have 1780 ETH held long-term 🤔, no matter how it rises, I can earn money! Oh dear, I really apologize, here I am showing off again 😂

For friends who hold spot long-term, just hold on. My personal view is that if you want to exit the spot, you can patiently wait for the previous high around 5000. Whether it reaches that level is just a matter of time, mainly depending on your mindset and desire. What is your target price in your heart? Just grasp it yourself! In any case, remember, don’t be afraid of spot trading. As long as it’s not at a high position, buy low to average down, and just hold on. But it must be mainstream, okay?

Currently, if ETH drops to 4000, the liquidation strength for long positions is 2 billion USD. If it rises to 4262, the liquidation strength for short positions is 900 million USD. If you were the big player, how would you operate? Would you first blow up the shorts or harvest the longs? $ETH #ETH突破4000