#以太坊交易量反超比特币
Buying the dip too early 😂, waiting to get out
Recently, the market has been quite interesting with Bitcoin and Ethereum. Bitcoin started to adjust slowly, while Ethereum managed to catch up. Then Bitcoin went through strong fluctuations, and Ethereum accelerated but started to weaken slowly. After that, they both fell together, with Bitcoin trading sideways instead of dropping, while Ethereum accelerated its pullback, and altcoins were in chaos! When Ethereum was approaching 3900, we repeatedly reminded about the risk of pullbacks, and the community also informed to take some positions out in segments. Then when Ethereum was close to 3500, we notified to enter the market, and this segment is currently looking solid!
Regarding the upcoming trend, let's first talk about Bitcoin. Bitcoin is indeed stronger than expected, and the 115000 level has not dropped, strong fluctuations are a good thing, allowing other varieties more opportunities. From the chart, Bitcoin has not dropped several times when it should have, which increases the chances of rising, potentially testing the previous high around 112300. For our operations, the repeated range fluctuations of Bitcoin reduce its reference value, and we mainly need to focus on Ethereum. After Ethereum completes its pullback, it will test the resistance at 3750; the key is to observe the daily closing situation today. If it can stabilize above 3700 and reverse upwards, then it will go up. If it can't stabilize, we expect it to test the support strength at 3500 again.
Previously, we mentioned the expectations and levels for Bitcoin's rebound, which may absorb Ethereum and altcoins. This means that in the coming days, the main focus might switch back to Bitcoin. However, this doesn't matter; the altcoin market is still unfolding. Even if temporarily absorbed, funds will definitely flow back into altcoins later. Good spot varieties can be entered at good positions, and stop losses can be slightly widened, just try to hold on! If there's a major change in the market, we will notify everyone immediately!
