ETH 2700: Bottoming Out? Or a Downtrend Continuation?

Just had a chat with an old buddy. He just got out. I thought he would be dejected, but he’s full of energy and even lost some weight. He said he kept busy inside, learned to repair motorcycles, and his skills are among the best in Shenyang. It reminded me of another teammate I met during a desert crossing, who also went in and learned to breakdance inside.

What is this called? This is called vitality. Most people go in and give up; they are just “biding time” inside. A very few are “attending college” inside—no matter how bad the environment, they can still bloom.

1. $ETH The current market condition is like “being in prison”
ETH stuck at 2700, neither up nor down—doesn’t that look like being locked up? Most retail investors are now in a “biding time” state. Watching the few dollars’ fluctuations, complaining, mental fatigue, eventually breaking their mindset. That’s a weak mindset.

When the market locks you in confinement, you should learn from that motorcycle repair guy. Don’t gamble on the direction during this garbage time; sharpen your skills, review your strategies, and mend your mindset.

2. Why can’t it go up? It needs a “Elon Musk”
The global tech frenzy is because of Elon Musk leading the charge. Why is ETH now a stagnant pool? Because the “wealth leader” (major capital) isn’t working. The remaining market is mostly quantitative robots just passing time, and some late-to-react retail investors. Without a leader, there’s no trend. Without a trend, fantasizing about a surge is just dreaming.

3. Old Bao’s “Car Repair” Strategy
If the leader isn’t here, we follow the “passing time” logic. Liquidity dries up over the weekend, and major players are likely to fake a move.

Core strategy: Short at high, buy low (focus on high points), no long positions aiming for a rebound.
Entry points: 2750 - 2765 (frontline of resistance).
Aggressors: Can enter short near 2730 (I will test here first).
Entry logic: Any rise without a “leader” is just playing tricks; at resistance, it’s a short point.
Stop-loss: 2818

Reason: If big funds really come in and break through 2800, we admit we were wrong—that means “Elon Musk” is here.
Take profit targets: First target around 2680; second target 2640-2608 (hard to reach over the weekend).

People fall into two types. One complains when the environment is bad and ends up exhausting themselves. The other treats prison as a school, and after release, repairs better than anyone.

Trading is the same. Don’t let your principal erode in oscillations.

When that “leader” appears, I hope you still have chips in hand.