Thrilling Scene: ETH Falls Like a Drunken Man, You'll Never Guess the Real Bottom!
This morning, ETH stumbled down to $4228 like a drunken man, almost plunging directly into a waterfall. The current position at $4260 seems stable, but it’s just a sudden brake from the bears; the downward trend is far from over, and it resembles a suspense movie where the most exciting plot has yet to unfold.
Don’t take the illusion seriously! Three candlesticks unveil the mystery
On the hourly chart, three consecutive large bearish candlesticks have completely shattered the illusion of a 'bottoming rebound'. $4200 is not the bottom, but a 'probe' used by the bears to test market sentiment. When everyone thinks the drop has stopped, it often marks the truly dangerous moment.
The rules of the cryptocurrency world are simple: a sudden brake is often to shift gears for a further drop. This wave of market movement is not an accident, but the beginning of a larger adjustment.
Main theme of the decline: Only sell high for good shorting opportunities
1. Capital flow: In the past 24 hours, on-chain data shows that 32,000 ETH has been transferred to cold wallets. Historical patterns tell us that such operations by whales are mostly for future dumping.
2. Sentiment: The more people shout 'buying the dip at 4300', the more it indicates the market is not yet in despair. The real bottom will definitely appear when everyone has completely given up.
Three Tips for Retail Investors to Survive
Don’t guess the bottom: the bottom is walked out, not called out
Go with the trend: don’t go against the trend while the hourly bearish arrangement hasn’t broken
Control your position: use small positions to test the waters, never go all-in
There are no gods in the cryptocurrency world, only those who can read the signals. We don’t boast, we don’t make empty promises, we only provide you with practical survival tips. Knowing daily strategies in advance is the true advantage.
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