ETH has fallen by nearly a hundred points, just hanging around 2570, neither dead nor alive. Is it possible to enter a long position now? Looking at this chart’s sideways movement, it’s not really stabilizing at all—it hasn’t fully flushed out the downside. If you really want to hold a long, this is absolutely not the right time.#ETH
Go back to my hometown and run into an old classmate. It’s been almost ten years since we last saw each other. I said, “We meet less and less—every time could be the last time.” She thought it was bad luck, but in this world, accidents themselves are everywhere.
When we talked about people’s fate, I mentioned what happened when my mother barely escaped death. My father believed some folk remedy and insisted on boiling Salvia miltiorrhiza to make water for my mother to lower her blood pressure, so he stopped her blood-pressure medicine. The result: after she finished using the bathroom and stood up, she had a brief episode of amnesia. When they checked her blood pressure, it shot up to 220—she almost didn’t make it. Later, at a birthday banquet, my father not only wasn’t afraid after what happened—he even brought up how someone in the village got sick, didn’t go to the ER, and then died at home. His point was: others are foolish, but he is smart. In this matter, he has to win at least once.
People like my dad have no sense of agency; their presence is established entirely through contrast. Deep down they’re always tense, always fighting to win at everything.
My old classmate is a teacher. She said students these days are the same too. They’re full of hardship and resentment, no happiness—just studying mechanically. I said it’s a common problem for kids from poor families: everything about them is tight. But she once taught a mischievous student from a well-off family. She had even called him to the playground and scolded him harshly. Later, the kid went abroad for study, came back, and now he’s doing drones—very impressive.
People who have plenty of cards in hand act calmly and aren’t afraid of losing out; people who don’t have chips—when there’s even the slightest whiff of trouble—their actions get distorted.
It’s the same principle when you’re back in the trading market.
On the chart these past two days, that kind of tense feeling is everywhere. 2669 spiked up and then fell back—above, the main force made a fake breakout to dump. Once they let their guard down, one stick smashed straight down to 2565. A lot of people fear missing the rebound, and they’re so frantic that they go catch the order around 2570. Now it’s just stuck here, low volume, dull and lifeless. Why no movement? Because the people trapped above are holding tight—nerves taut, clinging to their positions and waiting to get out of the trap.
People holding big funds are relaxed right now; they don’t even look at this mid-slope area. If they really want cheap chips, the most ruthless move is to kick it hard down again—smash the price below 2550, pushing it toward the deep pit where the initial rally started around 2490. That forces those who borrowed money to hold positions and have tight, stressed mindsets to liquidate and let go. Then, when the desperate chips fall with their blood, they’ll take their time and walk in with baskets to collect.
If you want to go long, you can’t go rushing to catch the falling throwing knives. You need a sense of ease—sit outside the arena and watch.
【Tonight’s Trading Strategy Execution Plan】
Tactical direction: Long
Entry zone: 2540 - 2550. (Don’t rush to give away money halfway up the hill; wait patiently for them to smash out panic bids, then pick up.)
Lifeline for survival: 2512. (If it breaks this defense line, it means big funds have also withdrawn. Never hold the bag—save yourself first.)
Take-profit zone: Reduce at 2588 / Liquidate at 2626.
Strategy validity: If no trade occurs within 6 hours after the article is published, the strategy is invalid.
The market is never short of gamblers—what it lacks are hunters who can endure and stay patient.
Stop trying to prove you’re smart in every fluctuation.