To be honest, at the final showdown, I choose to stand on the side of divergence rather than just running with my emotions. $ETH The current order book gives me the feeling that—both bulls and bears are holding back their big moves, but the scale has already started to tilt toward the bears. Have you noticed that in recent rebounds, the traded volume has been weaker every time, while the upward push of price keeps getting more and more feeble? In past experience, this kind of structure is often a typical sign before a trend change. The reason I’m bearish boils down to one core logic: the liquidation wall above is stacked way too thick.
That zone has gathered an enormous amount of short positions. Market funds aren’t stupid. In an area with such abundant liquidity, price will most likely first go to “visit” it. In plain terms, this is a magnet effect—price doesn’t want to rise, but there’s a big magnet up above pulling it. And looking at the four-hour structure, the swing highs are getting lower, while the swing lows keep testing the support and acceptance below. At the terminal end of this converging triangle, once it chooses a direction, the breakout power won’t be small. I’ve evaluated the risk-reward ratio: going long from this position is like taking a stroll in someone else’s preset hunting ground—you could step on a landmine at any moment.
On the other hand, if price really reaches into that liquidation-dense zone, the pullback’s strength and speed would be quite impressive. Of course, I’m not saying you should blindly chase shorts. The market hasn’t yet given the final confirmation signal. But at least for now—at this spot—putting a heavy long position on, I’m not doing it. The market always rewards patience and logic, not the people who are just bold.
Across mountains and seas in their vastness, observe the market’s smallest cues.
Walk with Uncle Xiong and see day-to-day profits and losses.
#ETH
Click below to trade 👇
That zone has gathered an enormous amount of short positions. Market funds aren’t stupid. In an area with such abundant liquidity, price will most likely first go to “visit” it. In plain terms, this is a magnet effect—price doesn’t want to rise, but there’s a big magnet up above pulling it. And looking at the four-hour structure, the swing highs are getting lower, while the swing lows keep testing the support and acceptance below. At the terminal end of this converging triangle, once it chooses a direction, the breakout power won’t be small. I’ve evaluated the risk-reward ratio: going long from this position is like taking a stroll in someone else’s preset hunting ground—you could step on a landmine at any moment.
On the other hand, if price really reaches into that liquidation-dense zone, the pullback’s strength and speed would be quite impressive. Of course, I’m not saying you should blindly chase shorts. The market hasn’t yet given the final confirmation signal. But at least for now—at this spot—putting a heavy long position on, I’m not doing it. The market always rewards patience and logic, not the people who are just bold.
Across mountains and seas in their vastness, observe the market’s smallest cues.
Walk with Uncle Xiong and see day-to-day profits and losses.
#ETH
Click below to trade 👇