Today is Tuesday, May 14, 2024. Yesterday, Ethereum had a wave of spikes and then quickly pulled back. According to the current trend, perhaps the bottom has appeared. In yesterday’s article, we also talked about the fact that there must be a direct rebound from the bottom. At present, it is obvious that the dog market adopts the trend of no breaking and no building. This kind of decline can be quickly pulled back, which also happens to show that the bulls have begun to gradually recover!
Since Ethereum fell from the high of 4,000, its convergence range has become narrower and narrower. Coupled with the upcoming US CPI data tomorrow, the turning point may be getting closer. What we have to do now is to hold on to the low-priced chips in our hands, patiently wait for the breakthrough of the downward trend line, and wait for the oversold rebound to come!
The sector that performed relatively strongly in yesterday's market rebound was none other than the meme sector. I remember that in the last bull market, whenever it was this sector's turn to perform, it indicated that the upward trend might be about to end. However, in this bull market, this sector seems to have served as a signal that a surge in prices is about to come, and it will generally rise in advance!
In addition, strk will be unlocked tomorrow. After the bad news, coupled with the release of the US cpi data, there may be a trend of breaking through the downward trend line. The pressure level can be paid attention to in the range of 1.4~1.5.
The trend of ena yesterday was relatively weak, with the lowest point reaching around 0.75, which is only a few points away from the previous low of 0.735. Therefore, no matter how good the currency is, before the trend comes, the key thing we need to do is to keep our positions alive!
Another one is the coin ARB. The section with a left frame is the market that I participated in last year. Old fans can’t miss the figure of ARB in almost every article last year. It is this ARB that many people don’t think highly of that made me achieve the final goal of heavy positions. It took nearly half a year to get out of the bottom. Even during the bear market last year, there would be a chance for a rebound. At present, ARB has fallen from the highest point again. From the weekly line, there has not been any decent rebound. Therefore, I personally think that the current position can still be boldly laid out, ambushed at a high position, and this position can also slightly pull the average price. There is no market that only falls but not rises, so what we need to do now is to hold positions patiently and ambush. The rebound market will come sooner or later!
On the other hand, ETC will be halved at the end of the month, and the strong market makers behind it will certainly not miss it easily. So I personally think that everyone can also make arrangements at low prices, buy less when the price drops slightly, and buy more when the price drops sharply. It is expected that there will be good gains before the production reduction at the end of the month!
The last thing to say is that as more and more institutions and companies disclose their BTC ETF holdings, the RWA sector that many institutions have been laying out is also one of the sectors worthy of focus in this bull market. Relevant currencies such as ondo, snx, om, chr, mkr, aave, comp, polyx, rsr, etc. are also currencies that can be focused on.
Hold on patiently if you have, and if you don't have it, it's also a good time to buy the dips the bottom. Hold on patiently, and the rebound is just a matter of time. The important point is that we are currently in a bull market cycle. Compared with the bear market, the rise and the opportunity to make money will be much greater in the bear market! I personally think that the next adjustment time will not be too long, which also means that the time left for everyone to layout at a low position will become less and less, so during the bull market, for this opportunity to buy the dips the bottom at a low position, you must cherish it and layout boldly!
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