Who will have the last laugh after half a year of baptism? BTC and ETH have a long way to go to correct!
Since April 1, the market has entered a correction period. In a blink of an eye, half a year has passed. In the past six months, we have all been washed away by the big waves of the market. What is tested is our mentality, patience, and whether we can withstand this wave of baptism. Many people cut their losses and left the market halfway, forced by life. After all, there are not many friends who can play purely with spare money.
Now look, BTC is hovering around 63,000, and ETH is hovering around 2,600. BTC is still about 15% away from the highest point of 73,777, and ETH is even further away, with a 35% increase from the high point of 4,093.
Last week, the ETH main network was so lively. As soon as Bao announced the interest rate cut, the on-chain market was directly excited. At least one "Golden Dog" is launched every day, and the weekend is even more lively, with two or three waves of market trends in a day. The gas fee of the main network has also risen rapidly, once soaring to 70Gwei, and breathing on the chain costs money!
This on-chain market is simply a "separatist melee". Our working people's weekends are over in the blink of an eye, but for players on the chain, it is a full two days.
In the current market, new concepts are no longer exciting enough, and the Meme market has directly upgraded from "finding concepts" to "competing angles". As soon as a new concept comes out, various tokens with the same name emerge like mushrooms after a rain, old and new, big and small, and various angles take turns to make sense.
This narrative changes back and forth, and the market value of tens of millions comes and goes, and the myth of sudden wealth is one after another. But don't forget that there is "sudden wealth" and "sudden loss". Those fragile narratives can rise and fall in one sentence.
What's even more annoying is that the fragility of these narratives is also exploited by some conspirators, who set traps one after another and specifically target human weaknesses.
This circle is quite sad now. After half a year of washing, everyone is fed up with VC altcoins and high-market-value altcoins, but there are still people in the Meme circle who enjoy it. It's really sad that a circle is supported by one narrative. Altcoins now have no new stories to tell.
Position management, real-time monitoring, increase victory, and profit can be pocketed.
Still the same, pay attention, my strategy code is shared for free with fans!
