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4.8 Bitcoin and Ethereum Analysis
This move by the yellow-haired trader is considered top-tier manipulation in the crypto circle. As tensions between Iran and the U.S. escalate, risk-off sentiment immediately triggers the market, causing Bitcoin to drop back to around 65,000. Then, news of a ceasefire and opening of the straits is announced, quickly easing the situation. Soon after, a strong bullish candle pushes near 73,000. If the yellow-haired trader’s usual tactics have you broken, it only proves two points: one, you're a novice; two, you're stubbornly fighting the trend.
This perfectly confirms the iron law of the crypto market: hype before news, then after the event, the good news is exhausted and the market dumps, with chasing high being precisely targeted for harvesting. This rhythm is perfectly timed; in terms of driving market sentiment, it’s truly top-notch. No more words—let’s see how this rally is digested, and continue to hold short positions with proper defense!
Bitcoin: Short around 72,000, look for a drop below 70,000 and 68,000;
Ethereum: Short around 2,250, look for a drop below 2,150 and 2,100.