$ETH
Ethereum Analysis
Ethereum just broke through a new high again, reaching 3644. I guess this breakthrough is just to wipe out us bears.
In fact, many people who are currently shorting are already losing patience and want to cut their losses, but the more this happens, the less you should cut. If you cut, it just serves the purpose of the market makers.
How can the market makers keep pushing the price up, allowing those who are long to keep making profits? They take out a wave of bears and then take out a wave of bulls. This market is really tough.
I stand with the bears, and I am also holding my position.
Brothers, I still see a bearish market tonight. The fluctuations this weekend are not small.
Tonight, the support levels for Ethereum look at around 3555, 3538, and 3519.
Often at this time, if you cut your losses, it suddenly drops. They are playing a psychological game because retail investors don't have the same mindset as us. The psychological effect must be strong.
Follow my thinking, and I can basically make profits every day. No one wins all the time in this.
I have many years of real trading experience, having gone through three cycles of bull and bear markets, and five years of contract experience in professional position management. I appreciate little Qin's insights.