11.29 Continue to wait for the key position
Don't enter the market blindly at present, wait for the big cake 97300 to see the shape, and Ethereum's 3670 and 3720.
Now the frequency of short selling of small-level leeks is relatively high, and the entry rate is 7 times that of longs, and a wave of shorts needs to be cleared.
We will not enter the market until the key position is reached. And rising is the best result. The higher the rise, the larger the range below, just like the process of 64000-69000 of the big cake in 21 years, all the bulls were blown up, and the profit range of bears was the largest.
Because it plummeted from 64000 to 28000, and then from 28000 to 69000, it frequently pulled back 20-30% to clean up the longs, and catch the key position of the pullback.
But we think that Ethereum will definitely crash this time, not even a callback, so we need to catch a fatal high point for leeks. This high point should be a key position where many bulls chase more, and the bull entry rate is also high. The market is also a bullish point, such as a key position on the trend line.