ETH whale Li Yihua just posted on X
It has now broken above 80,300 and stabilized above the 20-day moving average. The next step is to break strongly above 82,600 to usher in the second major upward wave, then make another run at the strong resistance level of 86. If it breaks above 86, it will target 97,000 and 104,000. This is what we mean when we say the current trend is a bull market. Our earlier view that a pullback to 86 would happen was based on the fact that pullbacks occur within bull-market trends. Although we expected a pullback, we wouldn’t short, because prices can rebound quickly at any time. We’ve been watching closely for opportunities to buy the dip over the past two days. Bitcoin weathered Binance’s black swan event. We didn’t expect the Republicans to lose so decisively; we hesitated for a moment and missed a $1,000 move. We started reacting and calling for a dip-buying opportunity around 77, and said a rebound would be triggered by the 40-day downtrend line. The hardest part of trading is that all kinds of external factors can affect your execution.
It has now broken above 80,300 and stabilized above the 20-day moving average. The next step is to break strongly above 82,600 to usher in the second major upward wave, then make another run at the strong resistance level of 86. If it breaks above 86, it will target 97,000 and 104,000. This is what we mean when we say the current trend is a bull market. Our earlier view that a pullback to 86 would happen was based on the fact that pullbacks occur within bull-market trends. Although we expected a pullback, we wouldn’t short, because prices can rebound quickly at any time. We’ve been watching closely for opportunities to buy the dip over the past two days. Bitcoin weathered Binance’s black swan event. We didn’t expect the Republicans to lose so decisively; we hesitated for a moment and missed a $1,000 move. We started reacting and calling for a dip-buying opportunity around 77, and said a rebound would be triggered by the 40-day downtrend line. The hardest part of trading is that all kinds of external factors can affect your execution.