Ethereum leads to the collapse of Shanzhai. Is there any hope? ?

I woke up early and saw that Ethereum led Shanzhai to a new round of plunge. This time, regardless of sectors or tracks, Shanzhai retreated in a unified manner. From the RSI, the moving average has reached the oversold range. Almost more than 50% of the currencies are in the oversold area, and the rebound is very weak.

If the passage of ETF is the catalyst for Bitcoin to return to a new high, then halving is the final booster for BTC to hit a new high. When everyone expects that history should not repeat itself after halving and there should not be a large retracement, Bitcoin tells you that it did not fall too much, but Ethereum and Shanzhai next door were all wiped out.

I see many people saying that there is no hype expectation at the moment, and all the good news has been exhausted and there is no new blood. I don’t think it’s entirely because of this. It’s more that after Bitcoin was defined as an ETF and a value investment option, the definition of Shanzhai became unclear, which made the concepts of many investors ambiguous. From the data, although Bitcoin's dominance index has not reached its previous high, it is still in the upward channel and continues to rise. #eth

So before the cycle switches, the spot will lie flat and the contract will be opened less. The cost-effectiveness of long and short positions at this position is not high. For the rest, don't fall before dawn, hold on! $BTC $ETH $BNB