Crypto friends, the God of Wealth has arrived. Today, let's look at a classic scene: on one side, the OG whale is gritting his teeth with a floating loss of $22 million while furiously adding to his ETH position, while on the other side, funds are quietly performing a 'great escape.' What exactly is this market singing? Follow the God of Wealth, and if you understand, you might get a taste; if not, you might just become someone else's 'fuel for averaging down.'

Message: The 'tragic' and clever 'retreat' of the big shot
First, let's talk about that BTC OG whale who has been making waves. He indeed doubled down, pushing his ETH long position to $556 million, but note that this is a 'loss-adding position,' with an average price of 3169, resulting in a floating loss of $16.8 million. This kind of operation is reminiscent of our retail investors' mentality of wanting to 'add more when prices drop,' except he has deep pockets.

But at the same time, the flow of funds tells another story: there is a short-term inflow of funds creating a rebound, but over a 3-day period, funds are all retreating, with a total of 2.24 billion US dollars withdrawn in 10 days! This signal is crucial: a short-term rise is shown to you, but the medium to long-term exit is non-negotiable. Don't just look at big players; pay attention to where the smart money is going.

Technical aspect: 'Walking a tightrope' at key levels
Currently, ETH is walking a tightrope at the key level of 3150. Upwards, 3260 is a heavy resistance level that cannot be crossed without volume; downwards, 3000 is strong support. The candlestick chart shows a short-term demand for a rebound, but the strength is questionable. Remember a rule: the longer you linger at a key level, once the direction is chosen, the volatility will be greater. At this position, if it can't go up, it is likely to drop.

Daily sharing from Rui Shen. If it helps you, you can follow Rui Shen to get first-hand news and entry points in the chat room!

Rui Shen's views and strategies:
Rui Shen's conclusion is straightforward: there might be a short-term rebound, but this is an opportunity for you to reduce positions or watch, not a signal to chase up. The medium to long-term trend is still downward; don't be fooled by one or two bullish candles.

  • Holding suggestions: Focus on the 3260 resistance level. If it can't rise near here, it's time to reduce positions. If it falls below 3100, further risk aversion must be considered.

  • Watching suggestions: Either hold still or only use a very small position to tentatively layout near the 3000-3100 support area, and be sure to set a stop loss. In the current environment, not losing is a gain.

Crypto friends, in this market, emotions and stories are used for harvesting, while data and positions are your protective amulets. Always chasing news to buy high and sell low will eventually lead to account shrinkage.

If you do not know the specific entry timing and exit points, and for fans who are holding positions, you can follow Rui Shen. Rui Shen will announce the daily cryptocurrencies and entry points as well as exit timing in the chat room! #加密市场反弹 #ETH走势分析