'Brothers! ETH is currently at 2811, like my friend who ran a half marathon to 20 kilometers — shouting 'I can sprint', but his legs are already shaking. This situation is too real!'
Market & On-chain Data Analysis: ETH's net outflow from large on-chain transfers (>100ETH) in the last 7 days is 8%, with whale addresses' holdings dropping from 42% to 39%; at the same time, ETH's net inflow has decreased by 25% compared to the previous period, and although gas fees have dropped, on-chain trading activity has decreased by 12%. As the leading public chain, its recent correlation with BTC has only been 55%, clearly showing signs of 'fatigue'.
Intelligence Bureau + Operations Room Analysis: The signal from the Intelligence Bureau is straightforward — the strength of the bulls is weakening, suggesting a 'slight correction + forming a temporary top'; in the Operations Room, the lowest point of the bearish pressure zone is at 2828.62, and now at 2811, it is only 0.6% away from the resistance line, equivalent to 'a friend is only 1 kilometer away from the finish line but can't move his legs', while there is no data in the accumulation zone, indicating no clear support in the short term.
Real-time Monitoring👇
Intraday Trading Inquiry (Intraday Trend)
Signal Interpretation
At this time, the dealer is already preparing to induce more buying. For large-cap cryptocurrencies, there are multiple dealers involved. In this situation, one dealer is usually pushing up the price while others are selling off. This divergence of large funds will create a brief temporary peak in trading, and it is necessary to close long positions to lock in profits. However, short selling should not be done! Also, do not go long, as the risk is extremely high!
Short Selling Pressure & Capital Accumulation Period👇
Trading Idea: Price Approaching Resistance Zone + Long Position Weakening, entering now is just catching the last wave, closing long and short positions is the prudent choice.
Viewpoint: Don't be a 'Pacing Fool', withdraw as a sign of respect!
(Personal analysis for reference only, not investment advice)
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