Market Alert! Will Bitcoin and Ethereum Retrace? Pay Attention to Resistance at the Highs
Family members, let me urgently share a key market point! The market is currently under pressure at high levels, and the short-term risk of a pullback is already here. Is Bitcoin or Ethereum about to form a phase top? Watch carefully and I’ll help you precisely seize the right moves right now!
First, let’s focus on Ethereum. The situation with ETH is much bigger than with BTC.
The 2800 level is the strong support/resistance point I’ve repeatedly emphasized. The price has already precisely tapped it. Buyers are running out of steam here—there is absolutely a need for a short-term retracement. For all contract traders: your priority right now is to take profit on rallies, lock in gains, and exit with confidence.
Many people ask, why be cautious at the highs? Let me recap the historical pattern for you.
In May this year, positive news from the summit sparked excitement: Bitcoin surged directly for a week, jumping 5,000 points! But once the good news was out, it turned into bad news—the market then went into a deep retracement of 20,000 points.
Although the broader uptrend of the bull market is already established and it won’t play out like that kind of extreme crash back then, a 5%-10% pullback is completely foreseeable. At the highs, never blindly chase longs.
Let me share my own practical position plan for everyone’s reference.
My position allocation: 30%-40% for short-term contract trades, and 70% for long-term spot holdings plus leverage.
For the short-term contracts, over the past two days I’ve taken profit on rallies across the board to avoid pullback risk. For long-term spot, there’s no need to panic—just stay patient and hold. My longer-term target is still 150k–200k (150,000–200,000), and the long-term logic remains unchanged!
Now let me break down the current K-line setup precisely:
Bitcoin’s 90,000 level is a key strong resistance zone. The price hasn’t reached it yet, so I don’t recommend that everyone blindly short BTC.
However, Ethereum’s 2800 pressure level has already been realized. Personally, I will take a light position to test a low-leverage short on ETH, betting on a post-summit pullback setup. Trading involves both gains and losses—testing with a small position is completely controllable.
If you’re the type who wants stability, just give up the short idea. Don’t try to bet on short-term volatility. You only need to take profit on longs at the high levels, wait for the pullback to stabilize, then re-enter for a long at the lower level. That’s the way to steadily take profits.
Old fans who know me well already understand: my information flow and timing have always been ahead of the broader market!
Family members, let me urgently share a key market point! The market is currently under pressure at high levels, and the short-term risk of a pullback is already here. Is Bitcoin or Ethereum about to form a phase top? Watch carefully and I’ll help you precisely seize the right moves right now!
First, let’s focus on Ethereum. The situation with ETH is much bigger than with BTC.
The 2800 level is the strong support/resistance point I’ve repeatedly emphasized. The price has already precisely tapped it. Buyers are running out of steam here—there is absolutely a need for a short-term retracement. For all contract traders: your priority right now is to take profit on rallies, lock in gains, and exit with confidence.
Many people ask, why be cautious at the highs? Let me recap the historical pattern for you.
In May this year, positive news from the summit sparked excitement: Bitcoin surged directly for a week, jumping 5,000 points! But once the good news was out, it turned into bad news—the market then went into a deep retracement of 20,000 points.
Although the broader uptrend of the bull market is already established and it won’t play out like that kind of extreme crash back then, a 5%-10% pullback is completely foreseeable. At the highs, never blindly chase longs.
Let me share my own practical position plan for everyone’s reference.
My position allocation: 30%-40% for short-term contract trades, and 70% for long-term spot holdings plus leverage.
For the short-term contracts, over the past two days I’ve taken profit on rallies across the board to avoid pullback risk. For long-term spot, there’s no need to panic—just stay patient and hold. My longer-term target is still 150k–200k (150,000–200,000), and the long-term logic remains unchanged!
Now let me break down the current K-line setup precisely:
Bitcoin’s 90,000 level is a key strong resistance zone. The price hasn’t reached it yet, so I don’t recommend that everyone blindly short BTC.
However, Ethereum’s 2800 pressure level has already been realized. Personally, I will take a light position to test a low-leverage short on ETH, betting on a post-summit pullback setup. Trading involves both gains and losses—testing with a small position is completely controllable.
If you’re the type who wants stability, just give up the short idea. Don’t try to bet on short-term volatility. You only need to take profit on longs at the high levels, wait for the pullback to stabilize, then re-enter for a long at the lower level. That’s the way to steadily take profits.
Old fans who know me well already understand: my information flow and timing have always been ahead of the broader market!