$ETH What should you do after getting stabbed with a needle in the middle of the night?
ETH pulled another daytime “lying flat and pretending to be dead” act last night—then suddenly got jabbed with a needle in the middle of the night. Just earlier, it bounced up to 2806 and then fell back, ranging all day. In the afternoon it slowly slid lower, and at night—bang—it dropped straight to 2635. If you were chasing longs, your pillow is probably already soaked.
It only stopped falling around 2635, but don’t see any bounce and start shouting “reversal.” At best, this is just a breather for the short term. Right now, both macro conditions are tight and there isn’t enough volume for a rebound. If the US economy/market gets any weaker, the 2700 level will likely get hammered again with another strike.
Big Bro Kuang suggests focusing on the 2700 level—only get involved once it holds steady. If it can’t hold, then be honest and just watch from the sidelines.
Brothers without direction, come find me at Jucai Zhuang! #比特币两度受阻87300美元
ETH pulled another daytime “lying flat and pretending to be dead” act last night—then suddenly got jabbed with a needle in the middle of the night. Just earlier, it bounced up to 2806 and then fell back, ranging all day. In the afternoon it slowly slid lower, and at night—bang—it dropped straight to 2635. If you were chasing longs, your pillow is probably already soaked.
It only stopped falling around 2635, but don’t see any bounce and start shouting “reversal.” At best, this is just a breather for the short term. Right now, both macro conditions are tight and there isn’t enough volume for a rebound. If the US economy/market gets any weaker, the 2700 level will likely get hammered again with another strike.
Big Bro Kuang suggests focusing on the 2700 level—only get involved once it holds steady. If it can’t hold, then be honest and just watch from the sidelines.
Brothers without direction, come find me at Jucai Zhuang! #比特币两度受阻87300美元
