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Ether is really weak, Solana and Bitcoin are soaring, and this thing is still down below. Previously, when Bitcoin was at 83,000, it was at 2,000 points, now that Bitcoin has returned to 83,000, it has dropped to 1,500 points, today it has risen even less than Solana. #ETH
Today Bitcoin and Ethereum are about to set a direction, BTC is at 83000, ETH is at 1800, and it has been lingering for a few trading days. This breakthrough will probably have an amplitude of more than 5%.
There are suspicions that institutions like BlackRock hold Bitcoin in spot markets but have massive short contracts in futures, so when Bitcoin drops, their contracts can profit while keeping their spot assets unchanged. If there are truly major players willing to drive up the spot market, they could also crash the spot market to avoid losses on the contracts.
Ethereum actually has a market value of over 200 billion USD, this is truly maintained by faith. Only large companies like Haier and Gree in the country have corresponding market values. What basis does Ethereum have for this value? It's better to short it 🈳, it should drop to 80 billion USD. #ETH
Retail investors are desperately entering short positions; it now seems like a washout. By tonight, a long bullish candle could blow up a batch of shorts, and at that time, it could directly break 1.5.
$LAYER encountered a previous high wash, it will definitely break the previous high tonight, as long as Bitcoin stops falling, this stock will immediately recover lost ground and rise, there are strong institutions involved, retail investors should not stubbornly short.
Quantitative harvesting, small varieties above, even if several hundred U are traded above, it will immediately reverse and go back and forth to harvest.
When trading, never use past prices as your anchor price. Thinking that if a price has dropped significantly, it's time to buy, is completely wrong. For many cryptocurrencies, even if you see the price has dropped by 70%, believing you can catch the bottom is not the case. The past highs are just for reference and have almost zero impact on the current price.
$LAYER 1.5 has a large number of short stop-loss orders, the market makers are currently establishing long positions while attracting retail shorts to enter, a sudden surge could happen at any time, be careful everyone.