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$BTC ETH, BTC is really about to break out. Today I also smoothly secured a 10% gain in intraday short-term trading. Slow is fast, remember.
From the 4-hour chart, this upward structure has seen its first clear disruption.
The price not only broke below the green upward trendline but also directly fell back into the previous FVG (Fair Value Gap), indicating that short-term chasing funds are starting to cash out. The 1715-1730 zone has shifted from support back to resistance.
My view:
At present, it looks more like a normal retracement after the rally, but if the FVG fails to hold, there is even larger liquidity waiting to be swept below.
Key levels to watch:
📍 1730-1715: Current FVG support zone. If it holds, this is just a shakeout, and there will be another chance to challenge 1800 later.
📍 1700-1690: First target zone, also a dense moving average area, likely to see the first rebound.
📍 1685-1670: If 1700 is lost, this becomes the next liquidity pool, and I believe this is the most attractive level for bottom-fishing.
In an extreme scenario:
Around 1660-1650 will become the true lifeline for the bulls.
The biggest risk in the market right now is not a drop, but a slow grinding decline that wears down leveraged longs.
During the uptrend, there was almost no meaningful pullback, and too much profit-taking positions have accumulated. Clearing out the chips first is healthier than directly pushing to 1800.
I still believe:
The medium-term trend is not over, but in the short term, priority is on retracements, then look for new long opportunities.
Don't rush to catch the first dip; let the market sweep the liquidity clean.
The real main wave often starts when everyone begins to doubt. $ETH