Players, quickly sit tight! Today's ETH circle news can blow your mind. BitMine, holding the top Ethereum position, has come in with 88,730,000 dollars to grab goods! Counting what was bought earlier this week, they have already splashed 229 million dollars on ETH, as if money means nothing! Recently, ETH has been falling, causing panic, but don’t rush to cut losses! Zitan will help you see through the fog, to determine whether this drop is a trap or an opportunity?
First, look at the news:
The one with the largest Ethereum position, their funds are stacked in hundreds of millions. This week, they are acting like they are fighting for their lives, buying one wave after another, and then holding nearly 90 million dollars to take over. This isn’t just optimism; this is a rush to stock up! But why do retail investors cut losses while institutions buy more? Could it be that they know something we don’t? For example, are there big moves coming to pull up prices? Or is this just a deliberately staged show to entice us?
Looking at the technical aspects again:
In the 4-hour chart, 30000 is an unmovable iron plate at the top, previously pushed back three times;
28900 is a life-and-death threshold; the current price is stuck at 28200, just a breath away from this threshold; 27000 is a cushion.
If it really drops to this point, one can take a breath;
The lowest point 26000 is the support line, if it breaks, it will probably be a naked curse on the street. Right now, the yellow-white double lines are still lying below the 0 axis pretending to be dead. The volume seems to be bouncing up, but whether this momentum is pushing up or crashing down is as unpredictable as guessing my wife's mood today.
Different players, how should they operate?
Brothers with heavy positions stuck: stop blindly averaging down. If it rebounds above 2900, it is an opportunity to reduce positions and stop losses; surviving is necessary to wait for the next wave.
For friends with light positions observing: patiently wait for two signals, either a volume breakout above 3000 to chase the trend, or panic dropping below 2650 to accumulate chips in batches. Don't move for now.
For those without positions wanting to join in on the gains: hold your hands, better to miss out than to make a mistake. Opportunities are made by waiting, not by chasing.
Personal opinion:
I insist on focusing on short positions. Until ETH shows a true breakthrough above 3000 with a massive bullish candle, every rebound is an opportunity for shorting. I believe we are still in a high-level oscillation phase, with the main force washing the plates, aiming to let retail investors feel optimistic in 'good news' before trapping them at the high points.
Do you think these institutions are stupid? Splashing over 200 million dollars to buy falling ETH? Or are they already holding a script for a surge, and are grabbing goods now to later profit from retail investors? Will ETH directly jump to 29000 to slap our faces tomorrow, or will it drop to 27000 to force us to cut losses?
Zitan publishes three strategies daily in the village. If you don’t have a position of 5 million, please follow Zitan's real-time suggestions in the village to avoid the risk of liquidation. The current market is unpredictable, and each villager has different positions, so please keep updating the entry points published by Zitan in the village!
