How will the short-term market trend go?
MACD has already shown a top divergence, indicating that the market has a need for a correction. This is also the reason why Thirteen does not allow everyone to chase high and enter the market. Don't stand guard at high positions again.
As long as the 74,000 position is not broken, the selling pressure will gradually decrease. Coupled with the positive stimulus of the interest rate cut, although there is a divergence, it is likely to happen in a few days.
Ethereum also surged today, and Thirteen can be said to have vented his anger.
When Thirteen said that Ethereum was a value coin, he was sprayed into shit, and now he can finally shout.
However, Ethereum has fallen to a new low against Bitcoin, breaking 0.35 directly, indicating that Ethereum is still very weak.
Whether it can regain its status in the arena depends on Vitalik.
You don't need to increase your position in this coin, just hold the existing position.
In the short term, there is a vacuum above 2700 to 2890 for Ethereum, and there is almost no pressure. It will be considered a preliminary breakthrough only if it stands above 3000.
If the Ethereum bull market is to begin, the target of 3500 must be reached.