8.13 Market Trend Analysis:
Good morning!
Waking up, ETH has surged to 4600, how crazy is that! It's less than 300 dollars away from its all-time high. Will we witness history this week? We shall wait and see!
The altcoins have almost all been crushed by it. A few months ago, the ‘E Guardian’ was mocked, but now it has turned into ‘E God’. The ETH bulls are feeling incredibly comfortable with this wave.
However, the number of retail investors in the market is decreasing, so why are there more short positions?
In contrast, Bitcoin is still in a large range of fluctuations, while the weekly and monthly charts have risen for 5 consecutive months. The bullish trend is steady, but don’t hold too high expectations; it’s more suitable to wait for a pullback to ambush.
Next, it’s the opportunity for altcoins. Last night I invested a bit in ENA, UNI, ETHFI, and ETH chain's $MOODENG , now I’m just waiting for the flowers to bloom.
