What is the current pressure level of the mistress?
零下二度
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Although ETH formed a golden cross on the 2-day chart, it is performing weakly on the hourly level, with no significant rise alongside BTC. This is because every small increase is met with selling pressure. ETH's weakness has been ongoing for more than a day or two; otherwise, how could I say that around 2420 in the first half of the year was an opportunity for bulls to escape, and that 2770 is the ceiling of ceilings? It would take substantial positive news to achieve that. Therefore, going long on ETH in the short term is torturous; it moves too slowly, making it not much different from not opening a position at all. It might be better to place a short order near the recent resistance level and wait for a more favorable situation. For beginners and small-cap traders, the current first choice for buying the dip is BTC, as it is the leader. If BTC cannot perform well, there's no need to talk about other coins. In a volatile market, one should focus on the most stable coins based on risk aversion. Is there anything other than the leader BTC right now? Nothing.
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