July 29: Fed interest-rate decision—Bitcoin’s ultimate test, with 65,500 as the key pressure point $ETH

$ETH saw $19.1K short liquidation near $1,919, signaling shorts getting trapped as buyers stepped in. ETH is testing a crucial recovery area. Support: $1,900–$1,880. Resistance: $1,950–$1,980. Holding above $1,900 could push ETH toward $2,000–$2,050 🎯. Failure to maintain support may drag price toward $1,850. Stoploss: Below $1,870. Watch volume for confirmation of the next move. #USD1StakingEarnUpTo8%APR #GateCardUpTo8%Cashback #SKHynixEarningsMissTriggerPostMarketDrop #NFTSectorSurgesOver8% #SECChairOptimisticOnCLARITYAct

That high-level grinding-top pattern went on for quite a while. After seeing the stock rally a few times, a lot of people started to get itchy, thinking it would keep pushing higher. But I didn’t chase at the time. The price spiked and then pulled back around 1.0030; once the buy pressure weakened, the screen immediately showed signs of fatigue. After I got into the short position, the market first moved sideways, then it came with another upward spike needle. In that moment, I was genuinely a bit panicky, wondering if I’d gotten off too early. Fortunately, I didn’t get swept along by the short-term noise—I repeatedly confirmed that the bids weren’t following through, and only then did I continue to hold onto this stretch of action. When the price was pushed down from 1.0030 to 0.6876, the shorts finally started to exert real force, and the end result reflected a gain of +1514.83%. This wasn’t that I waited to see the dump before chasing; it was that I saw earlier on that there was no one willing to take bids at the high level, and then after confirmation I moved. Fewer impulses, and you’re actually more likely to eat the meat. The biggest takeaway this time is that strength doesn’t necessarily mean it can keep pumping. In places that look lively, if the support keeps getting weaker and weaker, waiting patiently for it to reveal a flaw on its own is far more comfortable than rushing in to catch a thrown blade. $BTC $ETH