Just talked about the logic of shorting Ethereum in the live stream. I also opened a small position to short Ethereum to hedge my long positions and spot holdings.

The logic for shorting Ethereum and the market is as follows:

1. The Ethereum Foundation is dumping again, and every time the foundation dumps, the market usually reaches its peak.

2. The exchange rate of Ethereum is strengthening, while Solana and Bitcoin are both declining. This is an unhealthy situation; the market flow should go to the strongest coins first and then to the weaker ones. This is a sign of an unhealthy market.

3. The open interest for Ethereum and Bitcoin contracts has both reached historical highs, and the fees have increased. Therefore, it is correct to expect a pullback and consolidation in the current market. It’s not yet time to go long.

In the future, everyone should tune in to my live stream every night at 8:30 PM for more teaching about altcoin trading and mainstream coin data. #BinanceBlockchainWeek #狗狗币创数月新高 #下一BTC历史新高是多少？ #美国大选后行情预测