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Currently $ETH both bulls and bears are starting to friendly fight each other again.
The market looks like it's playing out a script; every time it seems like a breakout is about to happen, it's actually setting the stage for the next wave of decline. In the afternoon, it’s basically stuck in the 2330-2360 range, with the bulls working hard as if lifting weights at the gym, but unfortunately, they can't move it. Yesterday's rally was entirely driven by news hype, and once the positive sentiment was digested, it immediately performed a waterfall dive, with the current price quickly returning to around 2345.
This market pattern is old news: pretending to break out during the day, then pulling back at night, or just going sideways and pretending to be dead. The main trend still points toward 2300-2280. My view is laid out here, not doing hindsight analysis.
Bull friends, please be careful, watch out for precise liquidation triggers that could turn you into a hedgehog. #Gate广场五月交易分享