12.25 Ethereum Early Morning Volatility Reminder
Tomorrow there may be a double liquidation of long and short positions, but this will not affect our current long position in this wave. If a double liquidation occurs, it is highly likely that it will be realized through a fluctuation like the one below.
Currently, we will first oscillate upwards to 3620, then after consolidating and fluctuating, we will have a bullish candle to around 3750, followed by a direct acceleration downwards to around 3540. Then we will consolidate and fluctuate again to push towards 3750 for a bullish move, and then we will truly start a waterfall.
Note: Initially, we thought that after breaking 3800, we would need to reach 4200 before seeing a waterfall, but based on the current long and short data, there is a probability that after breaking 3800 bullishly, we will directly start the waterfall.
The decline will be swift; it may take a week to rise, but it only takes one day to drop the amount gained in a week.
From a larger data perspective, Ethereum has no bottom, and there is too much bullish data.