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Big Coin Surges, Altcoins Plummet, Can We Still Trade?
After the surge last night, the big coin rose from around 94,000 to nearly 98,000, climbing up by four to five thousand points. However, the big coin has now started to move independently, as the leader, it doesn’t care about the direction of other coins and just keeps moving upwards without looking back. Now Ethereum has taken on the task of the big coin from the past, providing direction for other altcoins, moving forward together.
From a market perspective, why the big coin's surge had no warning signals. Can it really sustain tens of thousands of points just because Trump is in office? The indicators have no reference. Just as it switched to a four-hour cycle, it was immediately knocked back. How can such a reversal be anticipated? Now the market is in a situation of both long and short positions, with no unilateral sentiment. The explosive surge, apart from the main force's manipulation, what else could it be? When everyone is shouting that the bull is coming, would you dare to chase the long at ninety thousand? It’s because they have grasped the psychology of the retail investors, clearly telling you that I am going to pump the price. Would you dare to chase at that new high of ninety thousand, or even have the ability to make seven or eight thousand in profit? Furthermore, there is another objective, which is to eliminate the last short positions above sixty thousand. Currently, 80% of the market has lost, and once the remaining big players are cleared, it will lead to a crazy drop. So why does it always need to test where to focus?
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