Yesterday's haze seemed to make many people sing the elegy of the bull market in advance, shouting "the bull is gone".
Such remarks are tantamount to a gnat trying to shake a tree, which is extremely absurd!
Although the US economy is weak, it is far from being a dead tree. Its resilience is beyond imagination. How can the shadow of recession be easily shrouded?
The fire of the bull market has not been extinguished, but it is even more blazing under the baptism of the callback, ready to go!
Although Ethereum ETF was weak when it first appeared, it stood firm after touching the solid support of 3053, and the price quietly returned to its former glory.
This is just a cruel game of market washing. Every fluctuation is a test for the weak and a gift for the strong.
Today's market may usher in a small rebound
In the next two days, the tranquility of the weekend may cause the market to fall into a short silence, but please remember that there is often hope in the downturn, and some currencies will be like stars in the dark night, shining brightly and leading the market forward.
Grayscale, the continuous selling pressure of its Ethereum fund ETHE, is like the autumn wind sweeping the fallen leaves, which makes people feel cold.
But this is just a repetition of history, just like GBTC after the Bitcoin spot ETF was passed.
The profit taking, platform migration, and the wave of selling will eventually be swallowed up by the warm embrace of other ETFs.
Yes, this is an awkward period, with both good and bad news, but please believe that this is just the darkness before dawn.
Bitcoin, its peak of $70,000 may not be far away.
Although this round of decline seems fierce, it is actually just a chain reaction caused by the plunge of the yen, coupled with the end-of-month effect, which together weaves a terrifying night for the market.
But remember that every turmoil is a proof of the market's self-purification and the strong will always be strong.
Let us go hand in hand and stay calm and firm.
Let the bullet fly for a while, because the real bull market has never left, it is just waiting for the best time to shine its bright light again!
Observation: BTC, ETH, SOL, sats, people, pepe...
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There is a spot that seems to have a big institution coming in to pull the price
