4.09 Waste Ether, even the whales have to give up, the target of 1200 has turned into 900, waste, waste, waste
Waste Ether, the whales have all been liquidated and the price has reached the three-digit number starting with 900. Good, good, good, now the crypto world is getting interesting, the sins committed in the last life have been paid off by buying Ether in this life. Damn. Recently, the risks come from US-China tariffs and CPI, Trump continues to go crazy.
Macroeconomic situation:
The risks from tariffs continue and Powell still refuses to back down. The US is now entering a deeply troubled period, with high inflation and an economic recession resulting in stagflation; the risks continue.
Has this week already bottomed out? I don't feel so, but this round of rebound will be relatively fast, as the market is quickly digesting expectations, just as it is said that the US stock market has also reached a key support position, but the rebound is a high short, the timeline is not yet here. No need to rush.
BTC Daily - 4-hour Level Market Analysis
Bitcoin has broken the oscillation trend and is starting to find the bottom. The rebound is still short; in the short term, the bottom appears around 74, but this position is not the bottom, because a major bottom has not yet appeared. The position for the rebound short reached yesterday, and today continues with the rebound short. However, today’s bottom may turn into 72-73, still looking to rebound short.
ETH Altcoin Size Level Analysis
Ether continues to be waste, waste, waste. The same high short point, no logical consideration, the rebound is bearish and high short, the extreme position is looking at the beginning of 900, no analytical thoughts left.
