Between 3120 and 3150, whoever moves is the prey

A recent frantic voice call made me realize that the familiar madness is back in the market.

It was a friend involved in foreign trade on the line, with background noise so chaotic that it was almost impossible to hear. He asked anxiously, “ETH has already surged to 3149, I see everyone in the group shouting 3500, I want to put all my funds in, is it still time? Can I catch up?” I only replied with five words: “Do you want to die faster?”

The most absurd truth of this market

When it dropped to 2900, no one dared to act — at that time, it was all gold everywhere. When it rose to 3100, everyone went crazy — that was the moment of scythe everywhere.

Now the market is hovering around 3123, many claim “it’s stable” “mid-air refueling.” But what do I see? It’s a trap set by the hunters.

That big bullish candle yesterday shot straight from 3000 to 3149, causing quite a stir. Why did the whales do this? To trigger a short squeeze, creating the illusion of a “bull market return.” Now the price is stuck at 3120, not moving — that’s “hesitation” — just like some routine guy who first lures you in, then makes you think he’s serious.

The whales are consolidating at this level for a simple purpose: to make those who missed out (like that foreign trade boss) lose rationality in their anxiety, thinking “if I don’t get in now, it’s too late.” Once you enter, they dump their 3000-cost chips at high prices onto you. That’s called handing over.

Uncle Ba tells you: understand these two lines, and the whale’s underwear will be exposed

First line of defense: 3100 (cost zone)

Look at the 1-hour chart, 3100 is the key integer for this breakout. If the main force really wants to push up, they won’t let the price fall below this. Once it drops below, retail panic sets in, no one will buy. So, around 3100 is the only safe haven. At this point, you can try to grab some chips — standing on the same side as the whales.

Second bait line: 3150 (exhaustion zone)

The current high is 3149. As long as there’s no strong move breaking through 3150, all the upward moves are just bluffing.

Many want to chase longs at 3120, betting on a new high. Don’t gamble. In financial markets, “not losing” is always much more valuable than “making a little.”

The story of “it can still go up” I’ve seen

Two years ago, a fan of mine came crying about a liquidation at a similar position. Same logic, same thought — “it can still go higher.” But what happened? The candles are still there, but the money is gone, and so are the people.

The definition of today’s market

Within this cage of 3100 to 3150, anyone who moves is prey.

Either you patiently wait below 3100, picking up bloodied chips; or you watch it rise wildly, and even if you break your leg, don’t enter.

Because if you break your leg, you can still reattach it — but if your principal is gone, your home is gone.

Do you want to be that patient hunter, or the prey rushing to send money?