$ETH
⚡️Ethereum has a strong signal to stop falling!
⚡️There may not be much room for decline!
Grayscale Fund's "dumping" is actually a carefully planned position-changing drama, aimed at quietly transferring chips to the hands of Jewish capital on Wall Street.
This move seems to be a fierce sell-off on the surface, but it actually hides a mystery inside - position-changing rather than real bearishness.
After ETH (ETF) was passed, the market has been fully baptized for several months. The logic of the market-smashing accompanied by the passage of Bitcoin ETF in the past was when Bitcoin was at a stage high of 48K, and a correction was needed.
Looking at the current long-short ratio, if the "dog dealer" insists on increasing the market, its liquidated position is very small, which is tantamount to laying a good opportunity for the market and retail investors to absorb chips, because the chips that are easily smashed will be quickly swallowed up.
The real intention of the dog dealer is to clear leverage and induce retail investors to hand over chips, rather than to create more cheap chips.
Bitcoin's wash in the past six months can be called the most thrilling in history. The sharp fluctuations on the monthly chart may seem thrilling, but in fact they have created a more solid bottom.
When Bitcoin breaks through the 150,000 mark, this violent fluctuation from 73K to 53K may be just a very mild fluctuation.
Before the US economy cuts interest rates, the Fed's decision to cut interest rates is imminent, and the time window is only two months. If it refuses to cut interest rates, Wall Street's face may be lost, and it is difficult to avoid self-slapping.
60K is not only Wall Street's psychological defense line, but also the key line of mining costs. Once it falls below this line, there will be mining farms shut down, which will have an impact on the industry ecology.
With the process of Mentougou's compensation and Grayscale's market smashing more than halfway, the market buying power is gradually gaining the upper hand. In the next half month, prices will stabilize and even rebound, and the decline is expected to be effectively controlled.
Boldly enter the spot market of Bitcoin and Ethereum, build positions in batches, and then wait for interest rate cuts.
Don't open orders for contracts in the next few days! Be obedient!