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Recently, the market rhythm has been well-grasped, and operating calmly has indeed been smooth. I just warned about risks in the group this morning, and the market immediately began to adjust. Sharing the order is to verify the viewpoint and prove the judgment with actual positions. Let's discuss the market trend.
1. ETH's difficulty in breaking through the 5000 mark.
It is very difficult to directly break through the 5000 integer level in the short term, and it is more likely to oscillate and callback to digest profit-taking.
The ETH/BTC exchange rate has touched the resistance level, and the risk is greater than the opportunity at this time. Blindly FOMO and chasing long positions can easily lead to being trapped.
2. BTC's trend dragging down
BTC's trend has been obviously weak recently. Yesterday, I was thinking whether it was a pullback after a supplementary rise or a direct start of a callback. A wave of rise occurred in the early morning, but it immediately fell back in the afternoon. Later, I thought that attacking upward would be difficult.
Other mainstream coins seem to have breakthrough patterns, but their performance is also weak and precarious. At this time, taking profits and waiting is more prudent.
As for personal short positions, it is only for short waves, and I will not chase long positions in the short term. Be patient and wait for the adjustment to be in place.


I went to play games and couldn't bear to quit immediately. I lost a lot of money, otherwise I would have just shorted 5 times. Don't rush to buy the dips yet, this market is going bad in the short term.

I went to play games and couldn't bear to quit immediately. I lost a lot of money, otherwise I would have just shorted 5 times. Don't rush to buy the dips yet, this market is going bad in the short term.


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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