Today's position update, the current account funds are 57W.
The market dropped further. Yesterday, Vip👗 also informed me that I would be out of the market. I cleared a lot of my own positions. After another wave of decline today, I bought Ethereum at the bottom. Currently, these are the only positions I hold.
Tell me what I think about the market:
First, let’s analyze it from a fundamental point of view. The current position of 63,000 is a very strong support level, so it is a good choice to ambush the market or enter the position at this position. BTC has already pulled back since it hit the high point. With 15% space, a large correction will allow more people who have not previously entered the market to flood into the market, thereby increasing market liquidity. Looking at the purchasing situation of ETFs, this sharp correction is basically caused by the selling by profiteers holding ETFs, which is why there has been so much correction without any news impact. When most people’s positions are in When profits are made, some people will definitely choose to ship and take profits, so this correction is normal and will be conducive to the subsequent continued rise.
Let’s talk about why I chose to ambush ETH.
First of all, the selling pressure that escalated in Cancun has basically been eliminated with this sharp correction, and the subsequent narrative is the BTC halving and Ethereum’s spot ETF application. These two narratives are essential for this round of bull market. It is one of the most important links, so now I will ambush the ETH spot at this position.
For the current position, I will only choose to ambush mainstream currencies. Unless there is an altcoin with great potential, I will choose to ambush the market. Although I have very strong confidence in the market, I must also prevent sudden market conditions from causing another dip. risks of. At the same time, never be afraid of going short in the current market, because the more afraid you are of going short, the easier it will be to go short. Of course, you can also choose to follow my steps to avoid missing out on this bull market.
Finally, regarding the Meme coins of the Solana chain, I think everyone should not be too FOMO. Just like Pepe and Aidoge last year, there are very few people who can really make money on these tokens.
