What’s the next move after Ethereum hits the 2350 key resistance level? Industry insider news just arrived, read quickly!
$ETH These past two days, every time it rises to the 2350-2400 range, it starts to fall, which indicates: the bears are strong, the bulls are weakening, and sell orders are greater than buy orders.
This situation will directly lead to a result: each time the price rises, it’s just诱多 (trapping longs), waiting for the right moment to hit a big bearish candle, breaking below the key level of 2250, causing retail investors to get liquidated and exit.
Many might think this is impossible, but look at the previous trend: slow rise followed by a volume breakout past the key resistance at 2400, leading many to believe this time it will definitely break through the resistance and go long.
Ultimately, the market rapidly fell back to the 2250 level.
Human nature is like this: when it rises, go long; when it falls, dare not buy. Even if Smart Brother said that 2400 is a key resistance and to go short when it rises, no one dares to enter the market to short.
Currently, many in the market are still waiting for Bitcoin above 100K before taking action to short; but I believe there will be no Bitcoin starting with 10W this year.
Recently, Binance Ethereum BTC has been frequently sold off in large amounts, very likely signaling the end of the trend at any time. The selling pressure is increasing, the Federal Reserve not cutting interest rates, Trump’s upcoming visit to China—these are all major negative factors.
If you think from the perspective of financial giants like BlackRock, would they be selling frequently during a bull market?
In recent months, the price has been rising higher and higher. Personally, I’m not very keen on going long anymore because BTC has already risen for a month, up 30%. Going long again wouldn’t yield much profit.
If it were me, I would short in the 2350-2400 range, take partial profits around 2300-2250, locking in some gains, and if there’s a significant rebound, I could short again. If no rebound occurs and it continues to fall, that’s even better.
This way, you can operate in batches, attack or defend as needed, not chasing extremes.
The layout time is in May. No matter what you choose, remember to take profits when there are good gains, leaving some room for yourself, because the market won’t move exactly as you want 100%. There could be unexpected events like Iran and the US coexisting peacefully, the Strait of Hormuz opening, or US stock market impacts, so proceed step by step, only trading at strong support and resistance levels, making the most rational moves.
Additionally, DYM has already gained 600% since our entry; conservative traders can take profits and exit, and any changes will be pre-planned internally.
#比特币波动
