8.14 Accurate Market Analysis
Good morning, brothers, a full-scale explosion has occurred,
Those brothers in the car have all made good profits!
The next question is, how much higher can it go, and when will there be a big correction?
Some brothers asked whether this surge was due to the MACD golden cross.
Rising or falling is not determined by technical analysis,
It's not about looking at MACD/KDJ and other indicators.
If we get caught up in technical analysis, it's easy to get liquidated.
The actual reasons are:
Slowing inflation, increased expectations of interest rate cuts, and unprecedented institutional participation through ETFs,
These factors together have created a strong trend.
Haven't heard of anyone around buying ETH, so why did it surge threefold?
This round of increase is not the frenzy of retail investors,
but a result of major institutions scrambling for chips.
Given that the institutional entry price is too high:
BTC is $100,000 - $110,000
ETH is around $3,500
BNB is around $760
So it’s not the peak yet; at least let institutions earn 50% before it gets risky.
Currently, it’s not suitable to re-enter ETH; some brothers remember to take profits in batches, don’t be too greedy.
Take profits on 1/3 of BNB and SOL, no need to sell BTC,
Then hold patiently.
