Market analysis:
Current mainstream coin trends and understanding of coin holders. Institutions spent a lot of time and money in mid-April to May to smash the market, clean up the market, and absorb funds. They spent a very high cost of shorting. With the KOL's badmouthing of Ethereum, retail investors' chips have been transferred to the hands of institutional whales.
We must know that capital is profit-seeking, so it will definitely double the money later. Last night, the market makers used the news to pull the market. We can see that their attitude is very firm. There was not even a 100-point correction between 3150 and 3700. This fully shows that the chips have been concentrated in the hands of institutions. The market can be pulled so firmly. They have the initiative to exchange profits at any time. At this time, retail investors who chase the rise are worried about missing out. If they want to get a share of the pie, they can only buy Ethereum at a premium of 20% from them. The last time Ethereum pulled the market by nearly 20% in a single day was in the bull market in 2021. At that time, Ethereum also went above 4,000.
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At present, the results of the SEC's ETF on the 23rd are full of unknowns for the market. Whether there will be any negative news in the future cannot be predicted in advance, but based on the experience of Bishou in multiple rounds of bull and bear markets, it is highly likely that the bull market will continue for a while. Since the bull market has chosen to explode the short market, it will explode for a while longer. Friends who are familiar with the market must know how extreme the currency circle can be when it goes crazy. After all, there is no top in the bull market and no bottom in the bear market. Another tip is that all JY institutions have to make money from this.
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Today, many friends sent messages to Bishou, and friends in the community asked when they could go short. Bishou’s view is that there is a high probability that there will be a small retracement here, and a big breakthrough trend to continuously set new highs.
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Chasing up and killing down is human nature. Only this kind of operation method can make retail investors stand guard at high positions to take over until the buying orders begin to be weak, and everyone has a consensus that Ethereum will reach 5,000 or even higher in the short term. The dealer will inadvertently smash the market. When the profit is taken, there will definitely be a cry.
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Ether daily chart first looks at the breakthrough, double top and triple top structure is confirmed, then it is more appropriate to look at the short position. Recently, I am also busy with users to do transactions, so I post late. If you have any trading questions, you can contact me at any time. #BTC🔥🔥🔥🔥🔥 #ETH🔥🔥🔥🔥🔥🔥
