Brothers, I am Mu He, currently staring at the screen. Let me tell you some big news: that whale which earned 28 million dollars in a month just dumped 30,000 ETH, nearly 100 million dollars just like that! It feels like a casino expert who has been on a winning streak suddenly stops playing; the remaining players should be cautious.
First, let's look at the news: why did he run? What can we learn?
This whale is truly a short-term expert, having made nearly 30 million dollars in the last few months. He only plays Bitcoin and Ethereum, uses very low leverage, focuses on ultra-short-term trades, and usually takes profits in about 20 hours, only capturing the most stable segment of the fluctuations.
This time Ethereum rose to nearly 3000 USD, and he immediately closed all positions, making a small profit of 300,000 before leaving. This shows that even top players feel that this price level cannot rise for the time being, so they take profits first. He is not bearish; he is just waiting for the next more certain opportunity to act.
Mu He’s view: His strategy is to not be greedy and to act quickly in a volatile market, relying on discipline and rhythm to accumulate profits little by little. This is hard for ordinary people to imitate, but it reminds us that in unclear markets, flexibility and risk control are more important than blindly betting on ups and downs.
Next, let's look at the technical aspect:
From the chart, ETH is stuck at a key position: heavy resistance from 2976 to 3100 above, difficult to break through;
The support at 2930 below is the lifeline in the short term. The MACD double lines are still below the zero axis, indicating an overall weak trend, and the current rebound lacks momentum.
There is fierce competition between bulls and bears near 2976; if it cannot stabilize with volume, it may test the support at 2870 or even 2800 again.
Mu He believes that the current rebound of ETH is weak, belonging to a technical pullback in a downtrend. There is heavy resistance above, and the market lacks effective buying support. The key is the 2930 support; if it breaks, the adjustment will deepen further, making it difficult to have a strong reversal in the short term. Want to know specifically at which point to enter and where to set the stop-loss most safely? Mu He Village has already given reminders; those who want to follow should become villagers of Mu He!
Mu He’s operational guide for beginners:
For those holding long positions: first, prioritize safety! Now at around 2975, quickly close half of your position; don’t be greedy; for the remaining, set a stop-loss properly; if it breaks, exit completely.
For those still in cash: don’t rush to enter! If it drops to around 2930 and the trading volume significantly decreases, you can try a small long position of 20%, but set a strict stop-loss. If it breaks directly, don’t reach out;
For those wanting to short in the short term: only short when it bounces at the 3000 position, don’t exceed a 20% position, set a good stop-loss, and remember not to hold onto the position; take profits and run.
In summary: first control risk, then think about making money, clearly set stop-losses, and don’t guess the direction. Want to know specifically at which point to enter and where to set the stop-loss most safely? Mu He Village has already given reminders; those who want to follow should become villagers of Mu He!
The whale has left because it feels there is no profit to be made in the short term, not because it is bearish. ETH currently has resistance above and support below, belonging to a volatile market of high selling and low buying. I judge that it will first retest the support around 2930; if it holds, it will rebound. Don't chase the price up; wait for it to drop before buying in batches. I will synchronize specific points later in Mu He Village. Want to know how I, Mu He, led my friends in the village to avoid needle spikes and set precise ambushes? Follow @链上沐禾 and participate in every attack of the villagers in Mu He! Mu He will announce the specific entry times and real-time news in the village every day!
