Everyone is concerned about ETH, and based on my experience, here are my thoughts:
First, there's the upgrade on May 7th, which I don't need to elaborate on, as in the past there has always been a pre-upgrade rally. This time, however, it may be delayed. Coupled with previous tariffs and old Powell's speeches, the forecast for recession has already hit 52%. This recession feels very much like what we experienced during the 2020 stimulus, and I believe someone will step in to save the market.
Secondly, the monthly M pattern is complete, with strong support around 1500. It's neither a reversal nor a rebound. Although we have to watch BTC's movements, in the past, it's usually during the formation of the second peak after the first peak's decline that independent trends emerge.
If it drops below that three-digit mark, it's definitely going to happen, but personally, I still see 1500 as a temporary bottom;
Finally, the basic liquidation is almost done, and whales are starting to make moves. Let's put on a grand show.
You might think I'm talking nonsense, but that's fine. When the real rise happens, you'll still come back and say, 'Old Bai, you are truly amazing!'
First, there's the upgrade on May 7th, which I don't need to elaborate on, as in the past there has always been a pre-upgrade rally. This time, however, it may be delayed. Coupled with previous tariffs and old Powell's speeches, the forecast for recession has already hit 52%. This recession feels very much like what we experienced during the 2020 stimulus, and I believe someone will step in to save the market.
Secondly, the monthly M pattern is complete, with strong support around 1500. It's neither a reversal nor a rebound. Although we have to watch BTC's movements, in the past, it's usually during the formation of the second peak after the first peak's decline that independent trends emerge.
If it drops below that three-digit mark, it's definitely going to happen, but personally, I still see 1500 as a temporary bottom;
Finally, the basic liquidation is almost done, and whales are starting to make moves. Let's put on a grand show.
You might think I'm talking nonsense, but that's fine. When the real rise happens, you'll still come back and say, 'Old Bai, you are truly amazing!'
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ETH
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