Many people treat Fibonacci retracement as a 'tool for predicting market trends'.
But skilled traders never focus on numbers; they look at the quality of the pullbacks within the trend.
Yanjie #ETH走势分析 #ETH巨鲸增持 's usual approach is quite simple:
First, identify a clear trend, from a distinct low point to a distinct high point. Then observe if the pullback shows support in the key range.
61.8% in itself has no magic; it is merely the depth of pullbacks that often occur in strong trends.
What is truly useful is the behavior of the price after reaching this level: can it stabilize? Is it able to return to structure? Has the decline noticeably slowed down?
If these signals appear simultaneously, it indicates that selling pressure has mostly been released, and the bulls are still in the game, increasing the probability of the trend continuing.
Therefore, the focus has never been on 'did the pullback reach 61.8%' but rather on 'is there a clean stabilization structure after reaching the key range.'
