$BTC $ETH $SOL Is this really the end?
The drop in Ethereum has been too fierce! From 4100 straight down to 1385, it was sudden and unexpected, and many fearless long positions have all been liquidated, not a single one escaped. Those who previously shouted that the bull market was coming, and thought they could make money by blindly buying Ethereum, have had their faith completely shattered.
In my view, if the overall trend is still a bull market, this sudden drop actually indicates that Ethereum is very valuable. The main players need to incur costs and take risks to dump or pump prices, they can't just do whatever they want; only investment products that are particularly valuable warrant such effort from the main players.
If we break even the important support levels and there are no signs of a reversal, then the bull market may really be over. But some people make judgments about bull and bear markets rather casually; they see a downturn, hear some news, and think the bear market has arrived, which is irresponsible to their own investments. If it were so easy to judge bull and bear trends, people in the crypto space would have already made a fortune, and there wouldn’t be so many people exiting the market. It's important to understand that judgments about bull and bear markets directly affect subsequent investment strategies.
Many people think we are in a bear market, believing that after a rebound there will be another significant drop, so they plan to short during the rebound. I see this as digging a pit for themselves; they're about to step into the abyss while thinking they are entering paradise, feeling quite pleased!
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