ETH stands above 2000, are you a 'qualified product' or a 'defective product'?
Yesterday's Pu-erh tea is not finished yet, $ETH it jumped from 1866 to above 2050.
The group is in jubilation, all shouting to chase the highs and look at 3000.
I need to throw a bucket of cold water: calm down.
We made a profit on the low at 1866 yesterday, trading is not like a dinner invitation, no one will always indulge you. The current pullback is not simply a 'bonus', but a harsh 'stress test'.
Don't be overly optimistic; we are now at the most critical 'gear-shifting period':
1. 2100 is a tough nut to crack.
Looking at the 4-hour chart, it previously dropped from 3000, and countless souls (stuck positions) accumulated around 2100. After surging to 2095, it was slapped back down (15-minute long upper shadow), indicating heavy selling pressure above. The major players are not philanthropists; they won't support the selling pressure with cash, they need to pull back - forcing those above to cut losses and scaring those below who are in profit to exit.