$ETH continues to decline, long positions are liquidated!!
How far will it fall, what strategy should be adopted,
It seems that even 3000 shows no sign of support
So it may continue to fall,
A prudent approach,
For those in the market, congratulations, for those not in, wait for some signals
and observe the situation.
The 4-hour level is in a continuous pinning state, and regardless of whether you chase a short or bet on a rebound,
it's all randomness, blind behavior, and emotional manipulation leading to buying high and selling low,
this is a major taboo.
Yesterday, my strategy followed the trend, I said a lot, but also provided defensive positions.
Monitoring in real-time,
The market is falling, which does not align with my post's expectations, at this point, it’s time to exit, and it does not conform to a normal retracement pattern.
At this time, I judged that a unilateral market may appear,
quickly short Ethereum.
Why choose Ethereum?
Because it has a weak foundation.
This situation aligns with our overall analysis this week.
This is also the reason I did not push altcoins this week.
Bitcoin is challenging 100,000.
If it can't get above 99,000, then there will definitely be high volatility.
This pinning might be caused by the impact of U.S. bonds on U.S. stocks, or it could be the result of large whales selling due to the inability to hold the large BTC base.
Where it falls to specifically,
we won’t know until this line holds.
If there is a big retracement, blindly guessing 79,000.