Crazy, crazy, completely crazy! 🔥😱
$ETH Ethereum violently surged by 30% and can continue to rise, within a day the market sentiment has directly jumped into the extreme greed zone. Did you think a large number of retail investors were chasing highs? The truth is just the opposite — this is an avalanche effect triggered by a 10 billion short fuel chain explosion. Those who shorted at $3000 are now being forced to cut losses and close positions.
In fact, as early as late March, I speculated about this situation, talked a lot with people around me, but didn’t record it. In reality, it was 10 billion dollars in funds shorting ETH, which very likely triggered a severe short squeeze. It was originally expected to explode in April, but was delayed until May.
However, it should be noted that ETH is facing the 0.382 Fibonacci resistance level around $2425, and the short squeeze may pause here briefly. If you have altcoin positions, you might consider taking some profits and waiting for a confirmation before looking for opportunities.
Altcoin season usually doesn't end in a day, but this time the short-term increase is indeed too strong, the risk of chasing highs has increased, and the risk-reward ratio has started to decline. A more rational approach is to wait for a pullback to layout again, for example, if Pepe can pull back to the neckline position of $0.105, it might be a better entry point.
If you wait for the position, I still recommend entering with spot trading, hold tight and wait for the climax!
Large funds can steadily enjoy a wave of gains, which is also a very objective profit.
If it's small funds, there's no need to worry, Ethereum's rise may lead the entire altcoin market, which means there will be some quality opportunities on-chain now. $TRUMP
#特朗普概念币 Conan Trump Dogecoin 🔥
Community continues to build + 3 institutional collaborations, the momentum is very strong.
I looked at the market, closely following the overall market, the trend is quite healthy.
This type of narrative with built-in blockbuster gene meme coin is worth laying out.
