I think the strengthening of #以太坊 is a sign that this round of artificial bull market has come to an end.

From the exchange rate of Ethereum to Bitcoin, we can clearly see that

After the exchange rate completed a false break below the previous low on the daily level on Wednesday,

The entire exchange rate started a relatively strong rebound

Ethereum even pulled out a 7% big positive line yesterday.

According to the past #BTC🔥🔥 high sideways, Ethereum rebounded, air coins reveled, and then all plunged.

Currently, Bitcoin is in a sideways trend, and Ethereum has also begun to catch up.

Some copycats have also started to run rampant

Obviously, this is not good news for the bulls.

Although I don't like to follow the old rules, some rules that have been verified many times still need to be respected.

From the daily level, if Ethereum breaks through 2450, the next resistance level will be around 2770.

But if you didn’t get on board before this wave of Ethereum explosion, then I don’t recommend you to chase the rise.

Let’s look at Bitcoin again

At present, Bitcoin is in a state of sideways consolidation, and the entire pattern has formed a channel pattern.

This pattern is still in a bullish trend

However, due to the rebound of Ethereum, the height of this wave of rise needs to be carefully observed.

The weekly level of 0.618, which is around 4W8, whether it can be reached now needs to be questioned.

Judging from the current structure of Bitcoin, there will definitely be a final push.

As for the final height of this final push, we need to take it one step at a time.

At the daily level, the next pressure level is around 45300

If it cannot break through directly and stabilize around 4W5, then 4W8 is basically unlikely

I said in the previous video that this week and next week will be turning points.

From yesterday’s rush to catch up, it is clear that time is running out for bulls.

Yesterday a friend asked me what I thought about the surge in OP

All I can say is that I had written the script a month ago.

You can look at the picture I drew at that time, and then look at the current trend of OP

At present, the place where the whole script may go wrong is the judgment of this end point.

But the main force of OP in the previous trend was quite respectful.

As the ETF has not yet been clearly approved, the interest rate cut is still only expected.

In general, this round of artificial bull market, whether it is the price of Bitcoin or other currencies

Or various data, such as CME positions, etc.

They have all reached very high positions. These are all signals that we need to be vigilant.

If you are long, you need to be prepared to take profit and exit at any time.

If you are a short seller, I know that the short seller's 40KG hammer has been thirsty for a long time.

However, you still need to control leverage and risk and don't get carried away