Recently, I have been performing very well. I took an ETH short position and closed part of it. Let's see BTC. Currently, BTC on the weekly chart is in a situation where it is approaching 100,000, not a major fluctuation.
This kind of small drop in BTC $ETH , I've seen the storyline of ETH hardening several times, 😂 the following plot is always the same, the harder ETH gets, the worse it ends up.
The exchange rate stabilizes at $ETH , bad news for BTC, do you know what this means? I even feel that altcoins led by ETH might still go through a period of higher lows. This means there are no more long stop losses, only shorts. Any rally from here, like pushing to 2000 or 2200, will lead to an endless abyss.
Seeing 92,000 from 36,379,213,626, it becomes more difficult to analyze at 92,000. At 92,000, one way is to go up to 110,000, and another way is to go down. If 92,000 distributes downwards, it will enter a bear market, which is a bear market that at least lasts until next year. Going up to 110,000 is even harder to predict; it's basically something to just observe. The only thing that can be confirmed is that ETH is still suitable for shorting on the left side. The facts show that long-term investors in ETH have not yet liquidated their positions; these are all short sellers' meat. BTC is different; many people have already exited profitably. They still have the potential to push Bitcoin above 100,000.
$ETH 1754 double bottom, major support, 2100 neckline, this looks like a double bottom, it's all a deception, this time if the market rallies to 2100 and then crashes through 1700, I estimate that most people in this circle will be saying goodbye.
$ETH The current 4-hour chart, no matter what happens next, we have to continue to go big, at least reaching 1500. I currently have no positions and I'm still a bit greedy upwards, feeling that 1800 is a bit cheap. There are many retail short sellers now, pushing up 50-100 is still quite easy. My prediction is basically the same as Liang Xi's prediction, but I don't think it will necessarily come out, and there's no need for high leverage; two to three times is already enough. Don't think that ETH can't pull up 30% now; there are too many such occurrences in the crypto space.
$ETH Since the Spring Festival, ever since I completed a few perfect trades on New Year's Eve, they have all been perfect trades, and all of my ETH is in short positions. I really don't understand what is so good about this ETH; you all really made it easy for me to hand it over. I've never made such easy money in my life.
The script for the next steps has been written for you all, come and take a look. Step 1, everyone short Ethereum, no reason, just because it's trash. Step 2, Ethereum blows everyone up, the sector rises more than 50%, everyone exclaims this is the power of the second pancake. Step 3, good news causes Ethereum to continue rising, the exchange rate is bullish. A portion of Bitcoin flows into Ethereum. Step 4, the entire cryptocurrency market enters a super bear market, Bitcoin is halved, Ethereum at 600, there are too many people on the staircase of the rooftop, first go downstairs to buy a pack of cigarettes. Don't ask me how I know this, I've been through it twice already 😂