Today's market crash is filled with complete pessimism. Many people have fallen into the bottomless pit of "Is this a trend reversal or just a simple pullback?"——
Why did it drop? It's just the short-term exchange of chips after the good news landed. Then why didn't it drop right after landing? This goes back to what I said earlier; everyone knows that good news landing means a drop, so everyone is in cash. Therefore, the main force pulls a wave to let everyone see that the good news can actually rise after landing!
I talked about this wave before the interest rate cut; everyone knows it needs to land and drop, so I will pull it up. Once everyone enters the market, more liquidity can be harvested!
No one can accurately answer whether this is a pullback or a turning point. No one can tell you 100% because nobody is a god, but I personally feel that there will still be a market ahead, and the weekly trend of Ethereum is around 3800, which is also the dividing line between bulls and bears!$ETH
Why did it drop? It's just the short-term exchange of chips after the good news landed. Then why didn't it drop right after landing? This goes back to what I said earlier; everyone knows that good news landing means a drop, so everyone is in cash. Therefore, the main force pulls a wave to let everyone see that the good news can actually rise after landing!
I talked about this wave before the interest rate cut; everyone knows it needs to land and drop, so I will pull it up. Once everyone enters the market, more liquidity can be harvested!
No one can accurately answer whether this is a pullback or a turning point. No one can tell you 100% because nobody is a god, but I personally feel that there will still be a market ahead, and the weekly trend of Ethereum is around 3800, which is also the dividing line between bulls and bears!$ETH
