$ETH at 4 PM, 13.2 billion options settlement, don't get too excited at this position!
You can understand the market just by looking at it. After four hours of rising, a 5-minute bearish candle has directly smashed it back down. It's not that the market is weakening; it's that there is large capital suppressing it from breaking through.
The MA250 line has bounced back after being tested seven times, indicating that there is indeed capital support below. But I must remind you: just because it can hold doesn't mean it will rise immediately! Repeatedly grinding at this position actually consumes the support strength little by little.
My operational thinking is very clear, just two sentences: if it hasn't stabilized at the key position, I will never enter the market; if it truly stabilizes, I will only test it with a small position.
Now, the space below looks like it's contracting, but the overall direction hasn't been determined at all. Before the settlement ends, it's all fake moves to deceive investors!
Remember this from the inkstone: in such a grinding market, it's not about how much you can earn in a single trade, but whether you can avoid being washed out and preserve your capital.
Once the direction is completely established, we will trade hard and capture the entire wave of the market!