Something big has happened! $ETH is holding firm, $DOGE is trapped, is the darkest hour coming?
Ethereum and Dogecoin are now like the difficult brothers at the end of a bull market; one is holding on through technology, while the other is being driven by emotions, but both cannot escape the fate of needing to adjust after the final sprint.
The Federal Reserve's interest rate cuts can push for two more surges, but they will be the final revelry. If Bitcoin falls below 117,500, both may crash together; ETH could drop to 3,400, and DOGE might fall to 0.196. However, Musk is not promoting anymore, the SEC is monitoring closely, and large holders have moved 120 million coins to exchanges in preparation for selling.
Ethereum opened shorts around 3,626, taking the opportunity for profit, but major holders secretly sold after pushing the price up, creating a high risk for retail investors. Here, Dogecoin is stuck at the critical level of 0.20; if it breaks through, it can pursue a long position.
The Hong Kong stablecoin bill has modified its rules, and it feels like previous good news cannot be realized. There will be more speculation about the Federal Reserve's interest rate cut policy; with one bullish and one bearish, the situation is relatively chaotic, so it's advised to observe more.
Recently, I plan to ambush a potential coin that is set to explode, doubling is quite simple, and expecting a space of more than 10 times is not a problem. If you want to follow along, please like and leave a message; I will share freely!
