Dear cryptocurrency friends
I couldn't help but laugh when I opened the market panel this morning. ETH accurately hit the rebound resistance zone I reminded last week, and then started to drop, it felt like the script was followed in advance! I believe friends who decisively reversed at the resistance level with me have already seen some small gains lying flat in their accounts, right?
But the backend private message directly exploded: "Sister Ke, are we rushing to 3480 today or retreating to 3150?" "Afraid of missing out and afraid of being trapped, my hands are shaking!" Don't worry, today I'll clarify all the capital tricks and institution strategies behind the market. After reading this, you'll be clearer about what to do next than the institution traders!
First break the misconception: Don't be fooled by the false good news of "institution buying"!
The most common mistake retail investors make: seeing "institutions entering the market" and shouting bull market, almost wanting to gamble everything — this operation is no different from sending heads to old players!
Whale building positions ≠ driving the market. It's the leading institution Bitmine that acted in the "land grabbing" this time, consistently ranking at the top of the Ethereum institutional list. They buy ETH not to earn your little short-term price difference! This is a strategic layout, aimed at locking in long-term discourse power in the Ethereum ecosystem. In simple terms, it's about "sitting and waiting for future dividends", not at all to carry retail investors. On the sell-side, it's all top OTC desks under FalconX and Coinbase — this is not small retail skirmishes! Clearly, it's institutions completing the "chip handover ceremony" at low levels, firmly locking in the bottom range while digesting the selling pressure above in advance, significantly reducing the resistance for subsequent rises!
"King of the Wave" has already ambushed, ready to smash the market for harvest. There's also a key signal that many people overlook: a mysterious address with historical profits exceeding 93 million dollars has entered the market! This person's operational habits can be called the "textbook of the wave" — every time ETH rises a few hundred dollars, they must smash and leave the market, never missing. So the essence of the current market is: giants like Bitmine use real money to weld the "iron bottom", while the "king of the wave" has covered the upward space with a layer of "glass ceiling". Retail investors wanting to make money must find gaps between these two, don't blindly drill into the institutions' traps!
Technical Analysis Knock on the Blackboard: The golden cross has arrived, but the resistance level is not so easy to chew!
I'll directly highlight the key points for everyone, no ambiguous nonsense:
Support Level: 3380-3340 is the institution's "lifeline". Why dare to say this? Because this is the core cost area where institutions built positions recently! Bitmine has just invested hundreds of millions of dollars in this layout. If it really breaks down, it would mean the institutions are stuck themselves, and they will definitely throw money to support the market — Want to effectively break down in the short term? It's as difficult as climbing to the sky!
Resistance Level: 3480 is the first hurdle, 3640-3730 is the "crucial line". 3480 is right at the profit-taking range of the "king of the wave". Once it touches, selling pressure will definitely cluster; while 3640-3730 is both a dense area of previous trapped positions and the ultimate profit-taking point for wave funds, with double pressure overlapping, want to break through? First, ask if the institutions agree!
