诗魂

$ETH
I am writing this post with a heart full of gratitude.
I have never placed myself on a high pedestal; I am just a very ordinary person. Binance provided me with a platform, and with some good luck, I became a moderately successful KOL in the square.

Actually, from the beginning to the end, my purpose or goal has always been to bring some ideas to everyone, to provide some flashes of inspiration for trading. I haven't really been as arrogant as I jokingly call myself the 'God of Ethereum'; it’s just for fun and to attract some attention.

Entering at the 2950-3000 level and now at 3700, I actually told everyone at 3000 that the future outlook for Ethereum could be very clear and thorough. This wave really feels like I helped all my friends make a significant profit, and I wanted to help everyone double their capital. So, I initially told everyone to aim for an Ethereum profit of 800-1000 points. Completing this trade would help everyone double their funds!

Now that the timeline has progressed to the present, for those who entered with me, the target of 3700 has been reached. Basically, every brother or comrade (like-minded individuals) has gained almost 2000% profit, and most people’s total capital has doubled. I kept posting to encourage everyone to hold on and not to be afraid. Now your funds have doubled, and you’ve achieved profits you’ve never seen before!

I also admire those who held on; actually, being able to hold on, in my eyes, you are the God of Ethereum!

I am very grateful to everyone. I am very happy and excited about this wave. What makes me happy is not that I made money, but that everyone made money and earned significant profits. I hope everyone remembers this feeling and never forgets it!

Total capital has doubled, and profits of around 800-1000 points have been achieved. I’m not bragging. As for the big cake in hand, I will help you double your funds again!

Remember! Everyone is their own trading god!

$ETH

Congratulations to all the brothers who held on!
You guys are really amazing, eth has reached 4100 as desired.
3000-3700
3500-4100

We can flip the warehouse in July, and in August we can continue to flip the warehouse $

I have reduced most of my position, but I will continue to hold some eth.

$ETH
A Brief Discussion on Japan's Interest Rate Hike

Many people know that Japan's monetary policy meeting is tomorrow, and Japan may raise interest rates. However, most people just repeat what they hear or treat it as ordinary news, or they simply have no concept of Japan's interest rate hike. So, before the hike, let's talk a bit about Japan's interest rate hike and share some of my personal views and thoughts.

Actually, my regular followers know that I generally do not pay attention to news. But this time, Japan's interest rate hike is not an ordinary piece of news; it is on par with the news of the U.S. interest rate cut, and I believe its impact will be much greater than that of the U.S. rate cut!

All news events are most important the first and last time, and they are called the most important because they cause the greatest volatility. You can refer to the recent U.S. rate cuts to see if the impact has been diminishing with each event. Therefore, one thing is certain: if Japan raises interest rates this time, the volatility will be much greater than the volatility of the U.S. rate cut in December.

So how will Japan's interest rate hike affect the market?
To clarify in advance, if Japan does not raise interest rates tomorrow, it will likely hike rates in the coming months.
If the yen is to raise interest rates, it is very likely to reach 0.75%. If it reaches this rate, it will be something that hasn't happened in Japan for the past 30 years.
The consequences of Japan's last two interest rate hikes were actually quite dramatic. The first: The end of the internet bubble in 2000.
The second: The catalyst for the U.S. subprime mortgage crisis in 2008.
So what kind of chain reaction will occur at this stage?
Why can the yen cause such a violent reaction in the international financial market?

Mainly because the yen has long been at zero or negative interest rates. In other words, borrowing yen costs nothing. Many global institutions or investors will borrow yen and leverage it for investment and trading. Therefore, the carry trade with the yen will definitely incur higher costs as Japan raises interest rates, which will lead to the sell-off of gold, stocks, bonds, and cryptocurrencies. As for whether this sell-off will be extreme, I cannot say, but the previous two interest rate hikes in Japan acted as triggers for fear-induced sell-off events and black swan events, so you should pay attention to this.

In previous live broadcasts, I also told everyone that the current strategy is to hold your short positions because the bearish momentum on the daily chart has not yet been released.

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Bear market is urgent, don't be scared off by Ethereum's short positions, brothers! The harvest moment is about to arrive.

$ETH
Brothers I have with me, come out and bubble up.

$ETH
Can you understand this sentence now?

It's Monday, let's talk about the market:
Among the three major cryptocurrencies BTC, ETH, and SOL, the strength of the market is as follows:
ETH > BTC > SOL. Ethereum is still the latest, and SOL is still the weakest.

Speaking of the ETH 2600 level, it has actually been shorted once before, from 3100 to 2650.

This time, last Thursday morning at 8:00, I opened a short position at 3325. Some people have been asking me where to set the take profit? Firstly, the overall trend of the market is undoubtedly bearish, as I mentioned in the last live broadcast. The initial plan was to wait for ETH to break below 3180 to roll over and short, but ETH broke below 3180 with a large bearish candlestick, and it was a rapid decline. Under such a rapid decline, a rebound with some amplitude may occur, so I held back from rolling over.

If the daily level ABC rebound wave has completed, then according to expectations, we need to start a new downward wave 8. The weekly K-line closed with a shooting star, indicating that the bearish sentiment still prevails overall last week.
However, it should be noted: the current four-hour level may have a rebound, and this rebound may have some amplitude, but remember it is just a rebound.

The trend is a downward trend, so logically, there shouldn't be any long positions taken. The current naked K situation suggests that 2620 is definitely not a bottom. The weekly K support is at 2617, and the subsequent plan is just to wait for the price to break below 2617 before proceeding with rolling over. Once the price breaks below 2617 and stabilizes, 2100 is inevitable.

Andy Lau has unblocked 90%. If you can hold your short position and it breaks below 2617 to roll over to 2100, then you will definitely have a great year.

One more thing to mention, I've been watching the 2100 level for a long time, and it can be considered a milestone target.

$ETH
Should we increase our positions, everyone?

$ETH
The profile picture is me before my appendectomy

$ETH
The delivery of the last two orders has actually been very clear in the post from 8 AM this morning, stating that the square will not send orders, but the necessary reminders have indeed been given.

$ETH
Bitcoin, Solana, and all these coins are bearish.

Bitcoin and Solana, based on naked candlestick analysis, have merely tested the resistance at the 200-day EMA on the four-hour chart. The testing is valid, but they are still in a suppressed bearish trend.

What about Ethereum? Ethereum is completely driven up by institutions and a bunch of fools boosting the price, breaking through the 3180 resistance and stabilizing above the 200-day EMA on the four-hour chart. However, it is still being suppressed by the 200-day EMA on the daily chart around 3450, so the current situation is that Bitcoin and Solana are under resistance on the four-hour level, continuing the bearish trend.

Ethereum is being suppressed on the daily level, and the four-hour chart has shown a bearish signal, so the overall market is still bearish, and we should continue to short unless Ethereum breaks the 3446 level convincingly.

The following chart shows the MACD on the four-hour and daily charts confirming the bearish outlook, with the daily being suppressed and the four-hour showing bearish naked candlestick. If the price drops below 3185, then Ethereum can add to the short position.

If Ethereum breaks above 3180 and closes with a solid bearish candlestick, there was a long position taken at 3250, but it couldn't take profit at 3450. Ethereum is currently just a speculative coin, Bitcoin is too expensive and lacks liquidity, so people are coming to Ethereum to exploit retail investors.

$ETH
Since I am bearish, I will short. My logic leads me to do this, so I will do it. Based on the analysis, I will execute according to the results derived from the analysis.

However, I also made a very foolish move myself. I opened a short position when it touched 3200 on the night of the 12th, which was the short position I opened last Thursday night. I casually set the take profit at 2950, and then I forgot that I had set this take profit. I kept watching the market and made additional purchases as it broke down. Now, this wave of trend has already slipped away from me.

Well, fortunately, if you understood last Thursday night's live broadcast and opened a short position, it can somewhat alleviate my current anxious mood.

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What about the main upward trend? Why can't it rise to 3400? Why did it drop even with the positive PEC data last night? Aren't they going to lower the interest rates? Why is it still dropping?

$ETH
Some people say he sees ETH reaching 3400, and when I don't believe his judgment, I cursed him and then reported his father.

$ETH
Stayed in the hospital for three days, lost an appendix. Just saw the plate this afternoon.

Shorting at 3010, dropped to 2700 and then went to the hospital, came back to rise to 3200, very good. This wave of increase is merely due to some liquidity flowing back into the BTC ETF (Vanguard).

Can it rise to 3600? There's a possibility.
But for it to rise to 3600, at least ETH needs to stabilize at 3210, then it might reach 3460 (daily resistance). If it breaks above 3460, only then can you say that the entire decline has reversed from bearish to bullish.
In other words, the market is still dominated by bears, both on the 4-hour level and the daily level.

In other words, if it doesn't stabilize at 3210 and doesn't break through, then subsequently, however it rises, it will drop back down.

Is there a primary upward wave?
This wave of correction on the daily chart is called ABC, not a primary upward wave. What is a primary upward wave? If it breaks above 3460, I will definitely go long with my eyes closed.

This segment of 2700-2600 itself is a point of bull-bear game for ETH on the weekly chart, merely indicating that there is strong support around 2600-2700 leading to a rebound. But then? Did it change its downward trend? No, it didn't.

1. If it breaks and stabilizes at 3210, I will find long positions to target around 3450, then look for shorts.

2. If it doesn't stabilize and breaks above 3210, but instead is suppressed by 3210 and moves down as a bearish candle, I will still look for short positions.