Old friends familiar with the market know that the big trend is still moving upward. A healthy rise never runs all the way; pullbacks are actually the norm — just like a long-distance runner needs to catch their breath to run further.
If you accidentally get stuck at this moment, don’t panic; let’s take it slow. If you are already in profit, congratulations! Today, let's talk about whether the buying point for this pullback has arrived.
This morning, the price dropped all the way down; isn’t this just 'picking people up'? For friends who haven't boarded yet, let's look at which 'station' we should line up at; for those already on board, relax, as we haven't seen signs of large-scale selling yet.
Let’s first look at ETH. Come, follow me to open the ETHUSDT perpetual contract interface on OK — right now, there seems to be a bit of divergence on the board, with a large hanging order wall below. At this price level, the bulls and bears are fiercely battling it out.
I just opened a long position here, actually the 4200 position is particularly crucial, and then I just ran away. But don’t worry, there are still 'experts' supporting below.
Based on my experience tracking major players for so long, given their 'habits', they are likely to eat a bit more chips downward. Why do I say this? There are two super large orders hanging below! As usual, let's analyze using the 'patterns' of major player orders — prices tend to gravitate towards nearby large hanging orders, whether they are long or short; the major players won’t miss an opportunity that comes knocking.
So where can we consider the first buying point? The major player has placed orders at 4200.
There are still a bunch of small hanging orders above, like little mounds of dirt. Experienced old fans understand this; I won’t go through these details one by one, pro members can click to view them themselves. So, based on the major player orders, it's highly likely we can touch 4200 today.
That’s the shortest buying point for ETH! So many friends liked today; I have to bring out all my lifelong skills to serve everyone well. Are the friends who just asked questions still here? If not, I won’t repeat it; the live room is heating up, and I’m 'burning' all over! I see there are pro members here!
Next up is BTC; let's uncover the 'underwear' of the major players. How to say it, since ETH's strong rise, there have indeed been fewer large orders on BTC, but they can still be observed. However, currently, BTC's major players seem to be 'playing dead', with only a few large transaction orders; let’s take a look at what these orders are about.
First, let's discuss the super large order on August 14th — PRO members in the discussion area, did you notice it at that time? If you had seen a 210 million USD short order, perhaps everyone would not have been so eager to chase the longs, right? At least we should wait for this short seller to exit before considering going long.
So has this major player closed their short position? Let’s look back along the K-line. The first closing made quite a bit; I have to say, a major player is indeed a major player! By this point, the major player has actually almost exited, and the second closing is at this position. So what about the situation with the long positions?
Looking upward, there are some small closing orders, but overall, the 210 million USD short order above has been digested quite a bit. As for the long positions, currently, the K-line has not found traces of their stop loss or take profit — which means there are still strong major players supporting BTC.
A major player placed a large order of 61 million USD on the 17th. Although a lot of funds have flowed into ETH, it is expected that after the price drops, this major player will likely replenish their position, so there is actually a bottom support below.
However, currently, there aren't many real-time large orders for BTC; everyone needs to pay more attention. Pro members should focus on the large orders of ETH — look, ETH already has an order at 4100, pro members remember to keep an eye on it!
I’m not exaggerating; currently, the major players' focus is basically on ETH's long positions. As for BTC, the best state right now is sideways, giving us time to wait for a wave of altcoin season — we, the old holders who have endured an entire cycle, are looking forward to this wave of recovery!
Let’s change our perspective to look at the data; let’s check the ETF situation and see what Wall Street is busy with. Overall, the net inflow scale has been enormous in the past half month, over 10 billion! A short-term outflow over one or two days is normal, but if it continues to flow out for several days, everyone needs to be alert.
Currently, ETH hasn't encountered such risks, and the narrative is slowly unfolding. After the US stock market opens tonight, we will see the latest data tomorrow. Besides large orders, the net inflow of ETFs should also be closely monitored.
By the way, friends opening memberships, click here for the live room benefits — you can get in at 10% off, which is enough to exchange for a pack of Lihua cigarettes or an eyebrow pencil! Where to check the ETF data doesn’t need me to say more, right? Bookmark this website: https://www.aicoin.com/zh-Hans/web3-etf/us-eth?lang=cn, and you can also check the inflow situation of BTC here. Currently, there are no dense risk areas, so everyone can relax!
The liquidation heat map hasn't shown particularly good opportunities yet; making money requires waiting for the right position. Currently, there are large hanging orders below ETH, and it is expected to go down further; below 4200, even 4100 is possible, and it hasn't reached the best buying point.
However, large orders will change dynamically. Friends with conditions can open a pro membership to monitor themselves; if conditions don’t allow, pay attention to our research institute's live broadcasts, dynamic square, and news every week. We will share important information! Plus, free memberships and 10% off memberships are up for grabs every Monday, Wednesday, and Thursday!
This article only represents the author's personal views and does not represent the stance and views of this platform. This article is for information sharing only and does not constitute any investment advice to anyone.
