Ether surged to the hot search on Douyin, my personal understanding is that capital is operating again.

The unexpected stretch indeed left me missing this round.

Because I have always firmly believed it will drop to around 1200, planning to buy the dip near 1200, and thought about buying some spot at 1410.

But my stubborn trading prevented me from stepping out.

I can only take some swing trades.

However, I personally think that trending on hot searches is not necessarily a good thing.

After all, the saying that hot coins die still exists.

Let's take it one step at a time, but to be fair, Douyin has always resisted virtual currencies, and articles and graphics are often blocked; this unusual hot search is worth pondering.

Sun bought 1.7 billion and continued to build positions in Ether, and the big mouth also flipped and increased positions.

After finishing bananas, he wasn't satisfied and claimed Ether would rise to 5000.

Although I also see around 5000, the premise is a pullback to around 1200-1100 because gaps must be filled.

And then the big mouth is also shamelessly buying Ether.

Vitalik is busy dating every day, not really managing it.

From a technical perspective, this matter is basically meaningless.

Because it is too overbought, the rapid stretch is too fast.

Let's just watch, this will not be a long position.

Additionally, the "mysterious whale," which previously shorted multiple times when the ETH price was peaking, has a win rate of 0, making it a "contrary indicator." However, last time he was somewhat lucky; before ETH's explosive rise, he quickly closed a short position of 10,000 ETH and only lost 430,000 dollars. If he hadn't closed it in time and held until now, he would have lost 7 million dollars. This time, he opened a short position of 2491, opening 5000 units.

I'll think more carefully before opening Ether again.

For now, let's not worry about it, I still hold Bitcoin.

Only high win rates are being pursued; the current volatility is quite large, and one careless move could get you trapped.

However, regarding the hot search, I feel it should be purposeful; it exists for a short time but indeed made it.

It’s similar to letting people outside the circle enter the circle; now there isn’t much fresh blood inside, and we need to bring in some.

Raising interest rates is to harvest quality wealth, and lowering interest rates is to make quality enterprises more valuable, so they can be sold at high prices. The essence is the same; if you make money and don’t sell, do you keep it for the next generation?