封狼-实战为王

Currently, we are in a consolidation phase after a significant drop, which is relatively uncertain. This rapid one-sided decline has temporarily come to a halt. Throughout February, in my personal view, it is highly likely that we will experience a period of fluctuation.

For Bitcoin at the weekly level, it pierced through 60,000 but closed above 70,000. The range is still quite large, but simultaneously reclaiming 70,000 is a good outcome. Therefore, in February, the probability of a significant drop is low; it is more likely to exhibit clear fluctuation ranges. If I were to predict the highs and lows, I would tentatively set them at 75-65.

At the 4-hour level, there is a clear resistance around 715-720, with multiple attempts to surge and then fall back. This area has been emphasized in the live discussions. Opening a short position is reasonable at this level, and another key point is at 750, which represents a support and resistance reversal. However, there is also minor support at 680 below, with major support located at 650. Reference these levels to find entry points for highs and lows.

Ethereum broke through the 1,800 to 1,700 range at the weekly level, closing above 2,000. Personally, I am quite satisfied with this result. For February, it is more likely to experience a wide range of fluctuations. If I were to predict the highs and lows, I would tentatively set them at 2,300-1,800.

In the short term, Ethereum faces resistance around 2,130, with multiple attempts to surge and then fall back. The larger resistance is in the 2,300-2,350 range, while the smaller support level is at 2,000-1,960, and major support is at 1,800-1,850. During the New Year period, refer to this range for high selling and low buying.

The bottom is not bought but is gradually let go. Spot purchases are still being made according to plan, with positions built in batches. There is no need to panic. Everyone is saying that we are in a bear market; should we not stock up during a bear market, but wait to stock up during a bull market?

This round of selling off, including some whales and institutions, many did not escape either. The well-known insider whale boss, with a position of 230 million USD, was also taken away in one wave.

There is also a guy named Hua Zi, ranked third globally, with a position of 650,000 Ethereum. Now it is less than 500,000 Ethereum, gradually starting to cut off limbs to survive, which actually indicates that he is out of money, without any bullets to prepare for adding positions, and has no backup left.

Currently, his liquidation price is between 1575-1681. As the price faces a decline, he has to continue cutting losses to survive and ensure health.

In fact, he is now the biggest bomb in the entire market, a time-limited ticking bomb. Once he is liquidated and leaves the market, it will be the beginning of the death spiral...

Hua Zi is now continuously admitting mistakes, letting go of his former arrogance, and frankly stating that after missing the peak, he confidently tries to buy at the bottom. In fact, this is similar to many old investors, after exiting at a high point, choosing to buy back at a low point, not realizing that the second buy is actually at a halfway point...

I hope the market can give him a break, and not repeat the path of Three Arrows Capital...