Although PYTH coin has recently suffered a 9.85% correction, it still shows extraordinary strength and steadily crosses market fluctuations. Its innovative strategies and cutting-edge technologies indicate that it will reshape the pattern of decentralized finance. With the change of market trend, PYTH coin is expected to lead a new round of rising trend and open a new chapter of bull market.
Due to the large increase yesterday and the fact that it has just been unlocked, I think there will be opportunities to buy this variety at a low level. Of course, it is not recommended to short now, and you can gradually lay out in batches. From a medium- and long-term perspective, PYTH is definitely one of the varieties worth paying attention to.
Today, the projects with the highest increase are all projects that have funds paying attention to, and they can be the focus of attention for the later medium- and long-term layout. Although this wave of rebound is superficially related to the news of Ethereum ETF, from a technical point of view, Ethereum also has the need for oversold rebound. Other projects in the Ethereum series, such as STRK, ARB, OP, ETHFI, LDO, ENA, etc., have been falling for a long time. Therefore, rather than saying that the positive news of Ethereum ETF led to the rise, it is better to say that the dealer deliberately released the positive news to pull the market. In the future, you can also focus on the Ethereum track, especially projects that are optimistic about the long-term value of Ethereum.
After a wave of short squeezes, there is also a need for Bitcoin and Ethereum to step back. From the long-short liquidation map, the shorts were concentrated before, but now they have reversed and there are more long positions. The main force may choose to liquidate a wave of longs before continuing to attack. Therefore, when you are laying out, don't blindly chase the rise and fall, and don't think about taking all the profits. Follow your own plan to execute the operation, and when you reach the goal, you should pay the principal.
No one knows whether the market will have another waterfall like the last false news of Bitcoin ETF. Therefore, you must be well prepared, whether the market continues to rise or fall, you can move forward and backward freely. If it is really as the news spreads, then the altcoin season may come early. You must know that the passage of the Bitcoin ETF news allowed Bitcoin to directly break through the historical high. Ethereum is relatively small in size, and it should not be difficult to double on the basis of the historical high, which may reach 10,000 US dollars. Therefore, there is no need to panic when the market steps back, and a large amount of bargain-hunting funds are currently coming.
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