Dear crypto friends, I am Zhao Gongming. Today, names like BlackRock and BitMine are trending again, all fighting for $ETH . Are you also feeling anxious, thinking that since the big players are in, we should follow? Don't rush, let me splash some cold water on you—this is likely not a feast being served, but rather the cutlery is all set for you!
Looking at the news calmly: Giants are taking action, retail investors should not get carried away.
On-chain data is clear, these giants are investing real money, pouring hundreds of millions of dollars in. But brothers, have you thought about it:
Is their money the same as your money? They have unlimited bullets, strategically investing, not blinking for three years. How long can your position hold?
What are they waiting for? Don't forget, on Friday, there’s a '285 billion dollar options bomb' waiting to explode. A large number of call options are piled up above 3000, and before this, the big players have ample motivation to push the price down! If the whales are buying now, it might just be to send 'bullets for a market crash' to the market.
The harsh reality of the technical aspect: don’t be fooled by fake moves.
The MACD is below the zero line with a death cross; this is strong evidence of the bears controlling the situation. What golden crosses and rebounds? That's just a smokescreen to trick novices into entering the market!
The green pillar turning into a red pillar indicates that the bears still have strength left, and the downward momentum is still strengthening.
From 30 minutes to 1 week, all indicators show 'strong sell'; the trend is right here, going against it means giving money to the market.
Looking at the funds, on the surface, there is an inflow of spot funds, but contract funds are secretly running away—smart money has already begun to hide, and only the retail investors, driven by passion, are still rushing in.
Zhao Gongming shares daily insights. If this helps you, you can follow Zhao Gongming to get first-hand news and entry points in the chat room!
Zhao Gongming gives a straightforward judgment: the rebound is a good opportunity to escape.
Crypto friends, listen to me: for ETH this time, 2988 is the ceiling, it's hard to touch. If it bounces to 2960-2980, that's the last escape window for your long positions offered by the market. The key level is 2900, this layer of window paper will break with just one poke, and if it breaks, it will directly aim for 2773. There are three pieces of logic: options are bearish at the top, the technical death cross is confirmed, and the main force is buying openly while running secretly. None of these can support you to bottom fish right now.
Retail operation advice:
Advice for holding long positions: if the price bounces to around 2960, don’t hesitate, reducing positions to save yourself is the priority. If it breaks below 2900? Don’t hold on for even a second, stop loss!
Advice for observation: short on rallies. In the range of 2960-2980, lightly position short orders, with a stop loss set at 3005. The target is first 2900, then 2773.
Advice for bottom fishing: the real opportunity is either to wait for a stable break below 2773 or to wait until Friday when the bearish options are completely digested. Before the signal appears, it's not embarrassing to watch.
Crypto friends, the market is always a game of big fish eating small fish. You might not understand the layout of the giants, but the candlestick charts and fund flows won't deceive you. If you also find this market too brain-burning and don't want to be a grass that is led by the nose by the news, follow Zhao Gongming. I talk about the most practical market language and the most direct operational ideas in the chat room every day.
