After three consecutive days of rest, I'm feeling great!
This morning, I opened the app and saw that ETH dropped nearly 10% overnight. The bears are truly feeling good.
The bad news is that those who bought above 4800 might have to hold on for a few days, but the good news is that this bull market is not over yet; ETH can't possibly stay at 5000.
This round of price increase doesn't follow the traditional four-year cycle; the market has changed.
This is the first wave of market movement officially guided after Trump took office, with institutions entering the market for the first time after compliance, essentially at the early stage of policy dividends, where institutions control the pricing power and won't let themselves get trapped at the peak.
Why do we see pullbacks every time a new high is reached?
Because many retail investors miss the boat in time, and by the time they realize it, they are already at a “psychological” high.
Everyone waits for a breakout before shorting. But as many bloggers say, “FOMO happens after a new high,” so only after interest rate cuts do retail investors enter the market, only to be hit back by the market, as the bears strike again.
But ultimately, institutions will pick up these bloodied chips.
