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$ETH I have found accounts that are used by the main force for long and short baiting. The liquidation price for the long account is 64,239, right at a strong support zone. If the price drops to this level, the liquidation will trigger a large volume of sell orders, causing panic. After harvesting retail traders, the main force will accumulate at low levels, and once accumulation is complete, they will close short positions and push the price up.
The liquidation price for the short account is 70,696, at a strong resistance zone. If the price rises to this level, the liquidation will trigger a large volume of buy orders to attract retail traders to buy in. After the main force offloads at high levels, they will close long positions and push the price down.
Currently, there are two market manipulation strategies: baiting for a rebound to test the 70k resistance, or smashing down to induce a short squeeze and test the 64k support. These are both testing maneuvers by the main force. Once the direction becomes clear, a new wave of upward movement or a deep correction will begin.
In trading, closely monitor these two key price levels, and avoid being misled by short-term baiting for longs or shorts. Manage your positions carefully to prevent becoming a target for liquidation.