February 10, 2025, Morning Pancake, ETH Market Trend Analysis
BTC has been experiencing this oscillating weakening trend for 5 consecutive days now, with the market center slowly shifting downwards, rebound highs slowly decreasing, and lows slowly moving down, causing sentiment to drop to freezing point.
In the current situation of continued bearish sentiment, it is not recommended to lay out long positions.
As we mentioned before, for the market to rise, there are only two expectations:
1. A technical rebound after falling to the 90,000-92,000 range.
2. A sudden favorable event.
Before reaching the above two conditions, do not lay out long positions.
If you really can't hold back, it would be better to make a small short position lightly, just to have some fun.
Compared to BTC, I actually think that recently trading ETH is better. The [Decline of ETH] has already opened up, and the future trend is towards weakness.
Therefore, instead of trading BTC recently, it would be better to try laying out short positions on ETH; the downside space is indeed huge!
Because 2800-3000 is equivalent to BTC's 90,000-92,000, which is hard to break through, looking ahead is just an abyss.
🔥🔥
