Today is the 5th day after the launch of the Ethereum spot ETF.
Since Bitcoin was dragged down by Ethereum,
it has fallen all the way to around $64,000.
During this period of decline,
some people shouted that Bitcoin would go to $50,000.
Then Bitcoin rose and recovered the previous decline!
So we saw $70,000 again!
From around $64,000,
it rose to around $69,000 today.
During this period, we saw a lot of short sellers.
It is estimated that they were either liquidated or stopped loss!
The market is up and down, unpredictable!
Some people like to short, which is normal!
Because in the eyes of short sellers,
Bitcoin is already at a high level and it is impossible to rise again!
And they also think that the bull market is over!
So short selling is reasonable!
If someone is shorting, then someone is going long!
Because in the eyes of long sellers,
the current market is just an appetizer for the bull market!
The Fed has not cut interest rates yet, and the election has not started yet!
Naturally, the bull market has not ended!
In my personal opinion, I tend to prefer the latter!
Whether it is shorting or going long,
they all have their own reasons, which is normal!
I have always said that facing the same thing,
different people will have different views!
As the saying goes, the mother-in-law is right, and the husband is right!
This market is inherently cruel,
if you are not careful, you will lose money if you make a wrong judgment!
Other people's opinions are just their opinions!
You need to make rational judgments and make decisions prudently!
Don't follow the trend blindly to avoid financial losses!
For the current market, the monthly line level of the big cake is still okay.
It is said that the monthly line looks at the direction, and the general direction is optimistic in my opinion!
As for how you look at it, that's your business!
Grasp the general direction, why fear ups and downs?
The above content only represents personal opinions! It does not constitute any investment advice!
Investment is risky, enter the market with caution,
The market is cruel, make rational judgments, and don't blindly follow the trend!
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