As I mentioned yesterday, I'm still bearish.
Bitcoin has reached 93,300.
Ethereum has reached 1,750.
My thought is that the short-term downside potential is actually not that large anymore.
However, it's not particularly ideal to go long at this position right now (maybe wait a bit more patiently or open a small position).
The crypto market is still a narrative market; it all depends on what the Federal Reserve says now. If they speak hawkish 🦅, then we might decisively drop to around 91,000.
If they speak dovish 🕊️, then we might continue to oscillate or even go up.
In the long term, I am bullish.
BTC and ETH have seen net inflows from ETFs over the past week (basically).
BTC: 577k, ETH: 610k.
The market capitalization of gold is 22.63 trillion.
The market capitalization of BTC is 1.86 trillion (it feels like there’s still more than ten times the potential for growth, and with inflation and currency devaluation, twenty times isn’t a dream). 🤔🤔🤔
My short position in Bitcoin and Ethereum are both in profit now, and I have closed about 50% of them.
P.S.: It's not easy for anyone; besides the crypto market, I also have to work part-time shooting good products. It's tiring. 😩
Bitcoin has reached 93,300.
Ethereum has reached 1,750.
My thought is that the short-term downside potential is actually not that large anymore.
However, it's not particularly ideal to go long at this position right now (maybe wait a bit more patiently or open a small position).
The crypto market is still a narrative market; it all depends on what the Federal Reserve says now. If they speak hawkish 🦅, then we might decisively drop to around 91,000.
If they speak dovish 🕊️, then we might continue to oscillate or even go up.
In the long term, I am bullish.
BTC and ETH have seen net inflows from ETFs over the past week (basically).
BTC: 577k, ETH: 610k.
The market capitalization of gold is 22.63 trillion.
The market capitalization of BTC is 1.86 trillion (it feels like there’s still more than ten times the potential for growth, and with inflation and currency devaluation, twenty times isn’t a dream). 🤔🤔🤔
My short position in Bitcoin and Ethereum are both in profit now, and I have closed about 50% of them.
P.S.: It's not easy for anyone; besides the crypto market, I also have to work part-time shooting good products. It's tiring. 😩
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
2,491.45
+0.20%
