Brothers, Old K needs to knock on the blackboard with you today! Tonight's $ETH market, Old K has already sensed a strong bloody smell—this is definitely not an ordinary technical adjustment, it is clearly a premeditated hunting action!
I. The current market conceals killing opportunities, the calm before the storm.
From the 1-hour K-line perspective, $ETH has been oscillating in the narrow range of 3300-3330 for a full 6 hours. Every time it touches 3335, it's like hitting an invisible wall, unable to break through; this trend instantly reminds Old K of the signs before the last crash.
More importantly, the Bollinger Bands are rapidly narrowing, which is a typical 'calm before the storm'! Old K dares to say, the main force is playing a psychological game: the relentless assault on 3380 is to wear down bulls' confidence, step by step laying the groundwork for the subsequent crash.
II. The technical aspects are releasing dangerous signals; bottom-fishing = catching flying knives.
The MACD seems to form a golden cross, but if you look closely at the red bar volume—it's pitifully weak, this is clearly a trap to lure in buyers! A real effective breakout must be accompanied by sustained volume; this kind of shrinking 'golden cross' is just a pie being drawn for retail investors by the main force.
There are key support levels that must be closely monitored: if this position at 3163 is breached, only the last defense line at 3055 remains. Old K bluntly states: those who dare to bottom-fish now are purely catching flying knives, and are likely to be harvested by the main force!
III. Tonight's ADP data is the detonator; deviations may ignite the market.
Tonight at 21:15, the U.S. ADP employment data will be released; the previous value of -32,000 itself hides secrets. Old K learned through channels that the actual value of this data may deviate greatly from market expectations, which is the detonator for the market!
Old K breaks down two extreme situations for everyone:
If the data is better than expected: $ETH may briefly rise to test 3460, but this is definitely an escape opportunity, do not chase high!
If the data is worse than expected: directly breaking through 3000 would not be surprising; bears may take the opportunity to retaliate wildly!
IV. The main force's orders expose intentions; retail investors should not fall for it.
The main force's order situation monitored by Old K is indeed worrying: a large number of sell orders are stacked above 3300, while the buy orders below are pitifully sparse. This is clearly the main force setting a trap, waiting for retail investors to blindly chase long positions, then harvesting them all!
Old K angrily criticizes: those big influencers still shouting long positions now are either stupid or bad, purely pushing retail investors into the fire pit!
V. The survival rule for retail investors, preserving capital is the way to go.
Before the data is released tonight, Old K gives everyone three paths; following these will help avoid pitfalls:
Liquidating and observing is the best strategy: don't hold onto a sense of luck; in an uncertain market, being out of the market is winning!
Don't act impulsively after breaking 3380: even if it really breaks, wait for a retest confirmation before cautiously testing with a small position; never go all in!
Stop loss immediately if it breaks 3163: once this support level is lost, don't harbor any fantasies, decisively exit, and preserving capital is the most important!
Old K's heartfelt words: surviving in the crypto circle is more important than anything else; as long as your capital remains, you can turn things around in the next bull market!
VI. Old K's ultimate prediction, watch here for the bottom-fishing opportunity.
Old K judges that $ETH will likely first create a false breakout based on favorable data to lure retail investors in, and then switch to a crash mode!
The real bottom-fishing opportunity must wait until the weekly line stabilizes—expected in the range of 2900-3000, before a decent rebound appears. Don't rush to bottom-fish now; patiently waiting will lead to the most stable opportunity!
If you don't know the specific entry timing and exit points, or if you're still holding $ETH and can't decide, just follow Old K's homepage! Old K will be in the community 24 hours a day synchronizing daily coin analysis, entry points, and exit timing; following the rhythm will help you survive in chaotic times!
Editing and sharing.
What is Old K's specific prediction for ETH's future market?
How might the price trend of ETH change after the ADP data is released?
How to respond to the potential crash of ETH?
