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Still, let's chat with the brothers $LAB .
These past few days, I've been reminding everyone to wait for support levels before chasing longs; the goal is very clear—to prevent the market manipulators from violently shaking out traders and being labeled as useless.
Bitcoin breaking 82,000 has boosted the altcoin sentiment, and LAB has directly continued to push higher. This isn't a normal trend; LAB's rise from low levels is entirely controlled by the main players and market sentiment, with technical indicators basically invalidated. Needle injections, liquidations, and reverse manipulations are the norm.
Although the bulls are strong, a second round of harvesting could happen at any time.
These days, despite the strength, every rally is accompanied by heavy turnover, indicating that the main players are pulling up and shaking out traders, while also accumulating and distributing.
The higher the position now, the greater the risk of a deep correction; don't mistake a "strong trend" for "reckless long positions."
Like I’ve been bullish on Bitcoin these days, only taking low-level longs on LAB and trading in swings.
Follow the trend, avoid greed for extremes, and take profits within your understanding.
As for the next outlook,
Short-term resistance at 2.8–3.0 is strong, and there will likely be intense volatility or deep dips.
Support: 2.0–2.2 is the bulls' lifeline; if it holds, there will be oscillations and new highs afterward.