Let me talk about my current understanding of the market and related on-chain data.

Still bullish, short-term adjustments still need to be made, trading time for space.

When the price dropped the day before yesterday, water friends were a little worried, thinking that the market was over. Some bloggers started to bet on the bears, but I was still bullish, and I was still doing psychological massage (Figure 1)

Let’s talk about the next chain, let’s talk about AAVE. A whale bought AAVE and MKR from BN 3 days ago. Currently, the whale’s AAVE profit is 23 points (Figure 2)

From the perspective of technical analysis, AAVE made a rectangular consolidation at the bottom on Week K. After seeing it, I also entered the spot (Figure 3) #BTC #ETH