The exchange rate of Ethereum continues to collapse, which is also the pressure on the altcoins to collapse. Everything needs to be stabilized, but it is too early to say this now, so the short-term results are self-evident. Of course, crisis is an opportunity in itself, but we need to wait until the danger drops to a certain level, but not now. It takes time for the weekly bottom of the exchange rate of Ethereum, so in the short term, it will still be the home court of Bitcoin.
The US dollar is finally starting to fall, and the 10-year US Treasury yield mentioned yesterday has finally started to fall back. Emotions can be very strong at times, but emotions will also ebb. The US dollar is entering a correction, which is good for the current US stocks and Bitcoin, but it will take time, just like Ethereum needs time, we just have to wait patiently for it to come.
There is still hope for Bitcoin to rebound to 28,000 in the short term, but just like its younger brother's performance, don't expect too much for this rebound. It is already a good result to reach 28,500, because it is indeed good for the medium term, but it has no value in the short term. The counterfeit market has begun to retreat because there is no hope. The only hope is to continue to wait for the exchange rate. There should be nothing big this week. Let's continue to fluctuate. The real opportunity seems to be at the end of the month. However, for spot, if it really falls, it is really a good opportunity, especially for Ethereum. As for short-term fluctuations, selectively ignore them. After all, you can't make much money for the time being, so you might as well take a good rest. #BTC $BTC