In a bull market, even garbage can rise tenfold, but that's just self-deception!


Ether finally moved, the title of the king of altcoin is not given for nothing, a slight movement directly led to a strong upward trend of altcoin with a ten-point bullish daily candlestick. Judging from the market momentum and the current market sentiment, there is a high probability that ETH will gather momentum to break through the strong resistance level of the final daily candlestick.
Uncle San's article yesterday said that the alt season will start within a month. One of the reasons is the rhythmic increase in activities on the Ethereum chain, coupled with the short-term step-by-step rebound brought about by the long-term Accumulation of some L2 zones. Once the floodgates of Liquidity open, the market's explosive volume surge will be unstoppable. Partners who have experienced the last bull market know that for altcoins like Ethereum, it's useless to complain when it's weak, and there won't be another opportunity to get on board when it's strong.
Does the launch of the Shanzhai season mean that the kind of situation where any coin can easily increase by more than ten times is coming? San Shu tells everyone very clearly that it is absolutely impossible! Buying the wrong coin and waiting for a bull run to break even is a helpless situation, but expecting a pump to give multiple returns in a bull market is simply self-deception.
Remember what I said: AltCoin is ultimately about Be Played for Suckers. We and the dealer are just in this game to enter the game together and play the fast game, and the dealer also has the blessing of the eye of the sky. If you want to make money before the dealer is harvested, you need to enter the market lying in ambush earlier than the dealer, and when the market FOMO retail investors flock in, the drop is expected to settle down.
The comprehensive To The Moon market under the previous bull run was destined to become a part of the encryption market's history. The market liquidity of the previous Bull Market far exceeded the overall Market Cap of the zone. The market liquidity of this Bull Market may not even double and still be able to surpass the total Market Cap of all unlocked Token under the current coin price. Uncle San's mentioned altcoin season refers to the concentrated outbreak of altcoin projects with potential, which definitely does not include the historical junk coins that have fallen from grace.
On the macro level, the Central Bank of South Korea unexpectedly cut interest rates by 25 basis points today, signaling a loose monetary policy. SOS announced the purchase of 50 million US dollars worth of BTC, causing its stock price to double in the short term. Just when we talked about the current situation of institutional buying, this situation is increasing every day. The improvement of the global point shaving environment and the continuous entry of new institutions are of great help to the activity of the crypto market in the medium and long term, reaffirming the dominance of long positions in the market.
Data side ETH Spot ETF continues to maintain a net inflow trend, with a total inflow of $90.10 million; BTC Spot ETF has a net inflow of $103 million. After the continuous dumping of Grayscale for more than three months, the reversal of ETH Spot ETF data will directly lead to the strong price of ETH in the later period.
BTC is currently oscillating at a high level, with a low probability of short-term reversal. Currently, BTC's market capitalization accounts for 56% of the total. If it continues to oscillate near this price, the overflow of funds will continue to expand over time. The market is flourishing, and if there are still people who don't understand this trend, please follow closely in the footsteps of San Shu (a nickname for a well-known investor). This Bull Market will definitely accompany everyone to the top.
BTC: BTC, as expected, returned to above 96000 after stopping the decline yesterday, with a slight adjustment after the strong liquidation of shorts. There is currently no signal of a trend reversal. However, the overall sentiment of long positions in the market is still strong. Follow the 12-hour market switching situation here and maintain a cautious oscillation view. The current wide oscillation range is 92000-99000 points.
ETH: ETHlongs has been strong for a day, waiting for the short-term longs indicator to recover, and it is expected to continue to rise in the future. The key point is the watershed position of the daily candlestick at 3800 points. If the daily candlestick breaks through and stabilizes, the market will directly reverse.
altcoin: Several altcoins that were publicly followed recently have performed well, such as fil, bch, APT, etc., all with an increase of over 30%. In the short term, TRU daily candlestick breaking through has the opportunity to continue the next wave. The bottom of punt is Sideways for almost a week, with clear signals of forming a base. Small Positions can also take a lying in ambush approach.
Other altcoins, comments for discussion.
Panic Greed Index 77 within the day.
Finally, stay away from leverage, and hoard Spot!​​​#BTC #DOGE #ETH强势反弹,你认为后续行情如何? #你持有的老牌山寨币有? #猫Meme币和狗Meme币,你的选择是什么?
JST0,15%
NOT3,08%
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