The frenzied bull market of 2021 will not return, as the continuous emergence of various diversion projects during the previous period has already established a recession scenario.
Out of 10 projects that come out, 9 are ones we have to take over; what can we do about that? If it's difficult, then don't do it, just let them entertain themselves.
Today, besides shorting Pnut and Wld, we can see that both Ethereum and Bitcoin are very weak. A gentle short might just cause a collapse; a single short position can completely shatter the dreams of the bulls, and it's not without reason.
Today, if a technical adjustment occurs, Bitcoin could see levels below 93000 or even 92000, while Ethereum is further testing the breakdown at 3288, aiming for 3200 at these two positions.