Let's break down this news:
① What happened: Yi Lihua says the overall trend this cycle still looks bullish, but the crypto industry is in a downturn.
② Why it matters: It doesn't point strongly in either direction, so its direct impact on prices is limited. Still, it's worth adding to the watchlist.
③ What I'll watch: The first big candlestick after the news takes effect, and how the market reacted to similar events in the past.
④ What I'll do: Sit tight and wait for a clearer signal.
Back to the chart: $ETH is now at 2369.88, down 1.2% over 24h, with an intraday range of 2351.55 ~ 2417.77.
Which direction are you more bullish on?
① What happened: Yi Lihua says the overall trend this cycle still looks bullish, but the crypto industry is in a downturn.
② Why it matters: It doesn't point strongly in either direction, so its direct impact on prices is limited. Still, it's worth adding to the watchlist.
③ What I'll watch: The first big candlestick after the news takes effect, and how the market reacted to similar events in the past.
④ What I'll do: Sit tight and wait for a clearer signal.
Back to the chart: $ETH is now at 2369.88, down 1.2% over 24h, with an intraday range of 2351.55 ~ 2417.77.
Which direction are you more bullish on?