Analysis of this pump and some insights on the future market.

Brothers, I took a little break for National Day and missed several live streams, sorry about that. As for the market, I still hold a bearish view and have already taken out loans to engage in a long battle with the market manipulator! The reasons for being bearish on Ether are quite simple:

1. Ether has just completed a direct drop on the 4-hour level and started to rebound from 3800 to 4500. If we simply view this segment of the market as a rising wave on the 4-hour level, then when the third wave or even the fifth wave arrives, Ether will be pumped up by at least 3000 points. I cannot envision Ether reaching 7000, so I will only simply consider this a fourth wave pullback in the daily level five-wave decline. As long as it does not break 4770, which would damage the structure of the daily five-wave decline, I will continue to be bearish. Once the daily chart has completed the fifth wave down, it will simultaneously break the level created by the third wave, which is 3822, and move towards the 3500 to 3600 range.
2. Simply analyzing from the perspective of the market manipulator, the bears are already struggling to hold on. If the price continues to pump, the bulls will reap the rewards. Furthermore, we can observe that after breaking through the new high, Bitcoin has not shown the strong upward momentum that was expected, which indirectly proves that the bears are running low on fuel at this position!
3. The big coin has already broken the historical high this time, however, Ether is still quite far away. If during this period, Da Bin experiences a decent pullback, then Ether will 100% follow the expected daily wave 5 decline. So now I will choose to layout a long-term short position, firstly because the risk-reward ratio of this trade is very reasonable. We set the stop loss at the position that breaks the daily downtrend wave structure of 5 at 4770-4790, but our first take profit can look towards 3500-3600, which is nearly a 5 times risk-reward ratio. So it's hard for me not to gamble on such an attractive trade! The bull market has entered its final phase, and the last frenzy is about to end. I won't fully fill my position at once, but rather gradually add to my position to a normal level as the market moves. Since we can't profit in a bull market, let's take the initiative to prepare for the bear market! Follow me to make the air force great again!