$ETH It really rose for four hours, but only fell for five minutes. Selling pressure doesn't even cost money; basically, not many people would short here. Looking at the data, it's clear that there are mainly long positions. The amount of long position liquidations in 24 hours is 397 million USD, while short positions only amount to 50 million USD. For those looking to buy the dip, it's completely disheartening!

$ETH at 4 PM, this year's largest options expiration, the nominal amount is 13.2 billion. Before it was announced, it was kept on hold. The current position is slightly unfavorable; the upward momentum is already weak. After four hours of rise, it dropped in five minutes.

It touched the MA250 moving average seven times consecutively and then rebounded. If it can stabilize at this position, I will consider starting a small position here to see the next oscillation range. The lower space is still the same; the space is getting smaller!

Compared to how much I can earn, I care more about how much it will retrace. Only stability can lead to long-term survival!
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