Let's talk about the intention of the big cake grinding plate:
1: Bitcoin is grinding back and forth at 90,000 US dollars, or it is a sideways decline, or it is a scam to buy the bottom. The market hopes that it can fall, especially the short orders trapped at 81,500-83,500. It is estimated that they are now unable to sleep every night, fearing that it will directly push up to 100,000 US dollars. Then the long orders at this position dare not enter the car, and they also hope that it can fall to give them a chance to enter the car. Therefore, it continues to fluctuate around 90,000, with a sideways decline, and the longs dare not chase the shorts. The data has increased a lot. It seems that the grinding plate will stabilize at 90,000 and continue to attack.
2: Ethereum has been hovering in the 3050 range. Whether it can stand firm in this position depends on whether the big cake will go down. The market panic is still relatively high, which makes 3000 ethers dare not get on the train. It is indeed because the current performance of Ethereum is too intermittent, and there is no hot narrative. Instead, the SOL chain continues to be pursued by the craze of local dogs. The price has been rising all the way. In the next week, it is likely to challenge the previous historical high of 260 or even reach 300 US dollars.
3: The current market is suitable for volatile operations, and the position is controlled at 5-7 levels. The focus should still be on the individual coins of the SOL ecosystem, especially after the DEXX platform crashed. Today, a large number of local dog trading accounts have returned to zero and need to re-purchase SOL to gamble on the golden dog to get rich. SOL directly pulled up to 242. Other coins also took off, such as JUP, JTO, BONK, PAY, MEW, all performed well, so the next week's operation is short-term or medium-term, or focus on this sector.
3: The catch-up effect of other old coins in the past two days also needs to rest, especially XRP has directly broken 1, and LTC is also facing the 100 integer mark. ADA has also reached the high point in March at the beginning of the year. Even the Doomsday City ETC has pulled up a wave, and EOS Millennium Turtle has also jumped a bit. This is also taking advantage of the fact that the off-market funds have poured into the market as Bitcoin broke through the previous high. Then Bitcoin will continue to consolidate, and Ethereum will continue to fluctuate, so SOL will take over to drive market enthusiasm and maintain the bull market narrative