[In the past night, 2.32 billion CNY of wealth continued to be reorganized and redistributed, and the assets of 73,052 people were reduced to zero. The amount was not small, and the number of people decreased by more than 1/5! 】

2024.3.12 9:13 BTC/ETH market analysis

Brothers, today is Arbor Day, and the much-anticipated greenery has not yet arrived. If it has not arrived in the late trading this afternoon, the new high pie may be coming. If the short sellers do not exert their strength, they will be forced to liquidate their positions!

There have been many arbitrageurs recently, all focusing on the rate of the pie, buying equal amounts of spot goods, and shorting equal amounts of the pie for arbitrage purposes. However, in a market where such fluctuations can be measured in thousands of dollars, this is actually just a theory, or maybe it is. This is a game for those with huge funds. Players with small funds should not be deceived into playing this so-called arbitrage, otherwise you will end up losing money so much that your grandma may not recognize you!

The current market has a strong bullish sentiment. As long as the main force does not take the initiative to continuously smash the market, then every wave of decline will be the fermentation of retail investors' FOMO rushing in!

Today’s BTC concerns

Support 66900/62000/55600

Pressure TO The Moon

eth attention

Support 3433/3200/2851

Pressure 4200

In the current market, the market is flat, with slight declines and slight increases, which are all opportunities for other copycats in the market. Every rise in the market at this moment is a test of the market’s consensus. Strictly speaking, the market’s strength in chasing up the market is and popularity determine the continuation of the current bull market and the outbreak of copycats. Therefore, if the entire network continues to believe that the big pie can reach 80,000/100,000, then it will definitely arrive. If the market divergence becomes more and more serious, then after the accelerated sprint reaches the top , the first wave of tops this year will also appear!

Therefore, the suggestion is still that it is much more cost-effective to look for stagflation copycats than to chase the big Ether market at the current price!