$ETH has started washing the market, but I still remain net long.👀
Last night, around 1771, the first round of liquidity harvesting was already completed. The shorts’ stop-losses were basically swept through. Today, most likely it won’t continue with a mindless straight-line pump; instead, it will shake the price to flush out the late buyers.
At the moment, around 1740 is still the key long-side defense level. As long as this level doesn’t break, the overall upward structure remains intact.
The real thing worth watching next is 1770-1785. If it can break out and hold there on increased volume, it won’t just be a new high—it could also signal that a new round of short-squeeze may begin, and levels above 1800 will come into the market’s attention.
The most classic bull-market storyline isn’t price just going up in a straight line; it’s up → washout → then up again.
The people who truly make big money usually don’t chase the very top. Instead, they hold their positions when everyone else is doubting.
Today I’ll continue to be net long, but I’m more looking forward to the second wave after the washout.
Once it breaks above 1815, switch to short.
#比特币回升至6.1万美元上方 $SKHYNIX $SNDK
Last night, around 1771, the first round of liquidity harvesting was already completed. The shorts’ stop-losses were basically swept through. Today, most likely it won’t continue with a mindless straight-line pump; instead, it will shake the price to flush out the late buyers.
At the moment, around 1740 is still the key long-side defense level. As long as this level doesn’t break, the overall upward structure remains intact.
The real thing worth watching next is 1770-1785. If it can break out and hold there on increased volume, it won’t just be a new high—it could also signal that a new round of short-squeeze may begin, and levels above 1800 will come into the market’s attention.
The most classic bull-market storyline isn’t price just going up in a straight line; it’s up → washout → then up again.
The people who truly make big money usually don’t chase the very top. Instead, they hold their positions when everyone else is doubting.
Today I’ll continue to be net long, but I’m more looking forward to the second wave after the washout.
Once it breaks above 1815, switch to short.
#比特币回升至6.1万美元上方 $SKHYNIX $SNDK