ETH is showing a similar pattern to BTC—both broke out of their previous correction structures but failed to make new highs before pulling back again... Right now, price is retesting the lower trendline of the original wedge. If it holds, we’ll likely see some short-term consolidation. If not, expect fresh lows...
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A whale deposited $6.5M $USDC into #HyperLiquid and opened a $BTC long position with 20x leverage.
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From now on, when trading trends, we never try to catch the top or bottom. All we can do is improve our win rate through position sizing, entry points, stop-loss settings, and time cost. There’s no turning back now. ETH inflows are higher than BTC, and BTC only has $86M. On the daily chart, only when we see a final wick that takes out all the shorts can we expect a reversal.
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