Recently, the market has been filled with talk of a bull trap reversal, but the truth may not be that simple.

From 94K to 100K, it seems like a breakthrough is imminent, but in reality, it's only a 6% increase. This so-called "psychological barrier" approaching in this wave of market movement, based on options data expiring on January 30, generally considers 100K as a confirmation signal of a bull market. But think carefully, this might just be a psychological hint set by market makers.

What is the true picture of retail investors? Watching at 85K, hesitating at 90K, and when reaching 94K, itching to wait for the "confirmation" of 100K. And what’s the result? They are often ruthlessly taken out at this psychological barrier. This is a classic technical trap—retail investors always want to wait for confirmation signals before acting, but they don’t realize that confirmation itself is the beginning of risk.

Another hot topic in the market right now is the preemptive trading of Friday’s non-farm payroll data, with a high sense of urgency to jump ahead. It’s important to note that such moments are often the window for major players to control the market and accumulate positions. The higher the excitement, the closer the risk.

Recently, ETH has shown clear bullish performance at levels like 2970, 3050, and 3170. These levels are worth continued observation. But regardless, for friends holding positions, risk management always comes first—lock in profits, set defensive positions, and don’t let volatility eat away at your gains.

Opportunities always favor those who are prepared. But the premise is to stay alive to see the next wave.