分析师舒琴
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Bullish
Only 3 days have passed, feeling like a lifetime. Is yesterday's bottom today's peak?
The funding rates for various cryptocurrencies have completely turned negative, with active short positions more than three times that of long positions. In just 3 days, ETH dropped from 2100 to 1790, Sol from 147 to 122, and Pepe from 0.093 to 0.07.
Short positions didn't just take off in these 3 days; they have been profiting for 3 months. Can the market really keep falling without a true rebound?
First, you need to understand why it's falling now. The cryptocurrency market itself doesn't have any bad news; it is mainly being dragged down by Trump's tariffs and the U.S. stock market. So when Sol and Pepe surged a few days ago, Shuqin advised everyone to sell because the tariffs hadn't been implemented yet, and the market wouldn't sustain a meteoric rise. This negative news will disappear on April 2nd, with the market oversold. What will happen when there's no more reason to drop?
From a probabilistic perspective, a rebound is bound to happen, even during the major bear market of 2022, where ETH fell from 4800 to 2000 but still managed a dead cat bounce back to 3600. When God closes one door, He opens another to save your life.
Of course, that was a major bear market, while in the 2021 bull market, Bitcoin fell even harder, experiencing a 50% drop, but after 2 months of consolidation, it broke through its previous high again.
So whether it's a bull or bear market, at the very least, a rebound will occur. However, before the tariffs are implemented, it remains very bearish, and the risk of correction is still quite high. So please manage your risks well and don’t fall before dawn. April is the time for a rebound, let's hold on for a few weeks and see the results. We cannot lose this battle!
The funding rates for various cryptocurrencies have completely turned negative, with active short positions more than three times that of long positions. In just 3 days, ETH dropped from 2100 to 1790, Sol from 147 to 122, and Pepe from 0.093 to 0.07.
Short positions didn't just take off in these 3 days; they have been profiting for 3 months. Can the market really keep falling without a true rebound?
First, you need to understand why it's falling now. The cryptocurrency market itself doesn't have any bad news; it is mainly being dragged down by Trump's tariffs and the U.S. stock market. So when Sol and Pepe surged a few days ago, Shuqin advised everyone to sell because the tariffs hadn't been implemented yet, and the market wouldn't sustain a meteoric rise. This negative news will disappear on April 2nd, with the market oversold. What will happen when there's no more reason to drop?
From a probabilistic perspective, a rebound is bound to happen, even during the major bear market of 2022, where ETH fell from 4800 to 2000 but still managed a dead cat bounce back to 3600. When God closes one door, He opens another to save your life.
Of course, that was a major bear market, while in the 2021 bull market, Bitcoin fell even harder, experiencing a 50% drop, but after 2 months of consolidation, it broke through its previous high again.
So whether it's a bull or bear market, at the very least, a rebound will occur. However, before the tariffs are implemented, it remains very bearish, and the risk of correction is still quite high. So please manage your risks well and don’t fall before dawn. April is the time for a rebound, let's hold on for a few weeks and see the results. We cannot lose this battle!
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