$ETH really can't be forgetful, the characteristics of Ethereum are indeed suitable for trend trading; those who try left-side trading are likely to be wiped out. When it falls, there is no bottom, dropping from 3400 to 2200 in just a few days. The same goes for rising; last September, it went from 2200 to 4000 without a pullback. Today, it went directly from 1750 to 2200. Those who chased shorts when it fell and chased longs when it rose have made a lot of money. Such a level of daily increase validates the saying 'the longer the horizontal, the higher the vertical.' I also want to thank my trading system's stop-loss; if I had stubbornly held on like before, I would have been wiped out again today. I am grateful for this discipline that allowed me to exit early. Now, let's talk about future views. The main force spending massive funds to push up will not be in vain; there will not be a big pullback, at most just a pin bar, and it won't be deep. This market actually has more people shorting than going long, and it will continue to rise. You can refer to the wave from May 20 last year; this wave is a recovery at the daily level, with ETH dropping from 4000 to 1300. At the very least, this wave's daily trend will return to half, around 2700. Today, we will look at where the small-level support is, and then continue to add positions.
I feel like it's about to break below the range. I'll wait for a four-hour confirmation before going short.
看着我反买必赢
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I think this market still has to drop; it might really fall to 1720, or even 1680. The drop is so fierce right now, buying the dip at this moment will definitely result in losses, because at this time I, as a retail investor, really want to buy the dip!! But I know this is a trap!! It must be a trap!!! In short, if I enter the market, I will definitely lose money; as long as I don't enter, it will definitely be 1800 tomorrow!! The more I want to buy quickly, the more I feel something is wrong, and I feel very anxious; opening a position in the void is the safest way. $ETH
$ETH Everyone says to go with the trend, but how many people are still holding short positions? This kind of rise without a pullback doesn't mean anything, right? Yesterday, the daily line broke through the moving average with increased volume, forcibly breaking the bottom. Today, it has risen again without a pullback. Do you think it will pull back to let people get on board and break even? It wants to use you short sellers as fuel.
Such a level of rise will definitely have inertia for further increases, and if you look at the daily chart, I wouldn't be surprised if it rises significantly again tomorrow. To be honest, I think 'Er Bing' is even more volatile than 'Sol'. During the last wave of increase, it surged over a thousand points without a pullback, and during the decline, it dropped a thousand points in just two or three days. 😅 Anyway, I think it's better not to short this; this wave feels like a second round of the market.
$BTC Currently, it seems that Bitcoin has finished its bottoming pullback and is preparing for the second wave of the bull market (historical similarity). In the medium to long term, it is not suitable to short anymore. It is better to wait for a pullback on the daily or four-hour charts before going long. The ideal pullback position for this wave of increase is around 88000—89000, but it seems difficult to reach that level in the short term. After such a level of increase, it is highly likely to experience a period of low-volume inertia increase before any pullback occurs. At the current price level, shorting is unnecessary; one can wait for a small support on the hourly chart to catch a segment of the inertia increase, but for heavy positions, it is better to wait for the pullback to be in place.
After $BTC converges, it should fall again. Recently, the US stock market has plummeted, and BTC being supported without falling should only be temporary. Sooner or later, it will correct, and looking back at history, every true bottom during a drop is marked by a sharp decline.
I'm feeling anxious about this market, even with the liquidation price of 80 for SOL.
肥猫
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The next few days may not be very fun, like bouncing up and down. Today the East is hawkish, prices are falling. Tomorrow the US is hawkish, prices are falling. The day after tomorrow, both sides shake hands and reach an agreement, then there will be a surge. Tariffs are such a sensitive issue that it is unlikely to be a one-size-fits-all approach; the window period left is when both sides are competing against each other. In the end, the ones who get hurt can only be us retail investors.
This is so outrageous. Before going to bed yesterday, I saw SOL had risen to 130 and thought I could break even. After sleeping, I woke up to find it at 118 😂. It plummeted at 4 o'clock, and I don't know what happened. The U.S. stock market also closed in the green.