When eating meat, you can't take a bite; when facing a knife, you can't afford to lose a slice:
This sentence describes the current market of altcoins led by Ethereum. The major coin makes a symbolic pullback; after all, the next resistance point is 100k. Does it really have to break through 100k in one go for the altcoin market to gain confidence? What's wrong with a price pullback at this point? Why does it scare the market so much?
Currently, there are two main battlefields for Meme: the big funds are playing on Binance, but the main battlefield for these small-cap projects is on-chain:
Last week, Pnut broke through 2.5u at its peak, with a trading volume on Binance exceeding $4 billion, which is nearly double that of Ethereum. With Musk continuously promoting it, and possibly Trump mentioning it in the future, Pnut itself also has symbolic significance in saving America and Trump, so I believe this thing still has great potential.
The essential reason for the anxiety in a bull market is greed:
Greed is a knife at the heart. Essentially, if Meme goes up, you also want to earn Meme money; if the major coin goes up, it’s like earning big coin money.
Traders who cannot overcome "greed" are, in my opinion, unqualified.
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