$ETH Don't chase long or short contracts anymore. I feel that Ethereum suddenly skyrocketed from 1900 to 2050 today. It must be that there are too many people shorting at the bottom, pulling the market up to explode the shorts, making it easier to wash out the market. For now, I still think this way, unless there are clear signals of a market reversal. We still have to see what that old man Powell says at two in the morning. It’s still too early to talk about a bull market.

Currently, the situation in the crypto world is that capital is flowing out seriously, and there is no narrative. The entire market is in a rather dismal state. Today is probably a rebound, and then it will continue to drop to the bottom. When it washes out to the point that everyone doubts life, that might be the real reversal moment. At that time, it will shoot up quickly.

It doesn't even give you a chance to get in, which is also the effect the manipulators want.

At present, I think it might continue to go up, enticing more buyers within this range.

The accumulation of long positions is almost done, and then they will dump the market. Moreover, the manipulators really like to release various positive news during rebounds, and then while everyone thinks everything is great, they will dump on you until you’re left with nothing.