币姥爷
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March 31, 2024
The last day of the first quarter has arrived in the blink of an eye. Initially, the expectation was for the second quarter to see a bullish market, but currently, the probability of a launch in April-May seems low; let's see what happens in June. To be honest, if you ask me whether I feel certain right now, I'm not that confident. Currently, external factors have a significant impact, especially the uncertainty of the Trump administration's policies. Gold prices continue to hit new highs, indicating a noticeable risk aversion, while the cryptocurrency market is experiencing a liquidity shortage, and prices may further drop to new lows at any time.
In the short term, Ethereum is undergoing a secondary bottom test on the daily chart, with the 1800 level becoming a new point of attack and defense, as there are two large stakeholders with staked positions, and the liquidation point is nearby. In fact, from Ethereum's price trend, it can be seen that in the 1800-2000 range, the resistance from bulls is stronger, but objectively speaking, signs of a price rebound are not yet evident. We must wait for a longer period of sideways movement or multiple bottom tests to know, which is something I've been emphasizing recently.
Now is the time to talk about faith, because in the long run, aside from Bitcoin, the prices of other coins have reached the bottom range. The current buying action is a fairly standard left-side trading. Meanwhile, left-side trading inevitably leads to unrealized losses, which is the biggest concern with building positions on the left side. However, if you do the math, the same cost can acquire 5-10 times more coins than at the peak of a bull market, meaning that if it returns to its peak, the increase could be 5-10 times. Buying quality assets in a bear market and holding them for the long term is the way to make money for most people.
As for Ethereum, it is the best choice for many because it is cheaper than Bitcoin, has a seemingly larger potential upside, and also possesses a certain level of security, which is precisely why many got trapped. In this round, Ethereum's performance is not as strong as Bitcoin and several other mainstream coins, so if you're considering allocation, you can continue to think about Bitcoin, while also considering Solana and BNB. At any time, I would never suggest going all-in, but sometimes taking a calculated risk can significantly change the situation, right?
Cryptocurrency has always been an industry that requires faith, and this moment is particularly so.
The last day of the first quarter has arrived in the blink of an eye. Initially, the expectation was for the second quarter to see a bullish market, but currently, the probability of a launch in April-May seems low; let's see what happens in June. To be honest, if you ask me whether I feel certain right now, I'm not that confident. Currently, external factors have a significant impact, especially the uncertainty of the Trump administration's policies. Gold prices continue to hit new highs, indicating a noticeable risk aversion, while the cryptocurrency market is experiencing a liquidity shortage, and prices may further drop to new lows at any time.
In the short term, Ethereum is undergoing a secondary bottom test on the daily chart, with the 1800 level becoming a new point of attack and defense, as there are two large stakeholders with staked positions, and the liquidation point is nearby. In fact, from Ethereum's price trend, it can be seen that in the 1800-2000 range, the resistance from bulls is stronger, but objectively speaking, signs of a price rebound are not yet evident. We must wait for a longer period of sideways movement or multiple bottom tests to know, which is something I've been emphasizing recently.
Now is the time to talk about faith, because in the long run, aside from Bitcoin, the prices of other coins have reached the bottom range. The current buying action is a fairly standard left-side trading. Meanwhile, left-side trading inevitably leads to unrealized losses, which is the biggest concern with building positions on the left side. However, if you do the math, the same cost can acquire 5-10 times more coins than at the peak of a bull market, meaning that if it returns to its peak, the increase could be 5-10 times. Buying quality assets in a bear market and holding them for the long term is the way to make money for most people.
As for Ethereum, it is the best choice for many because it is cheaper than Bitcoin, has a seemingly larger potential upside, and also possesses a certain level of security, which is precisely why many got trapped. In this round, Ethereum's performance is not as strong as Bitcoin and several other mainstream coins, so if you're considering allocation, you can continue to think about Bitcoin, while also considering Solana and BNB. At any time, I would never suggest going all-in, but sometimes taking a calculated risk can significantly change the situation, right?
Cryptocurrency has always been an industry that requires faith, and this moment is particularly so.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.