$ETH Evening Market Analysis!!!
The Fed meeting minutes from a couple of days ago had a huge impact on the market. Expectations of interest rate hikes are rising, which has caused Ethereum's price to keep sliding over the past few days. The overall structure is clearly weak. Looking at the current chart, Ethereum is now in a volatile upward phase, which suggests that the earlier negative news has mostly been absorbed by the market. Although the market is bound to see a rebound after being oversold, Jie still doesn't recommend buying the dip, given that ETF funds continue to flow out. $ZEC
Jie is still building his positions. If you're not sure what to do, come to the chat room and I'll share the answer. $MAGIC
#比特币反弹至8.3万美元 #XRP财库公司Evernorth完成SPAC合并
The Fed meeting minutes from a couple of days ago had a huge impact on the market. Expectations of interest rate hikes are rising, which has caused Ethereum's price to keep sliding over the past few days. The overall structure is clearly weak. Looking at the current chart, Ethereum is now in a volatile upward phase, which suggests that the earlier negative news has mostly been absorbed by the market. Although the market is bound to see a rebound after being oversold, Jie still doesn't recommend buying the dip, given that ETF funds continue to flow out. $ZEC
Jie is still building his positions. If you're not sure what to do, come to the chat room and I'll share the answer. $MAGIC
#比特币反弹至8.3万美元 #XRP财库公司Evernorth完成SPAC合并