Ethereum De-leveraging Reminder: Both Bulls and Bears Suffer Mercilessly

3700 is a relatively important node, if Bitcoin undergoes a deep correction, it may delay Ethereum's upward momentum.

Here, I personally prefer a sudden pull for Ethereum's upward style, similar to how it surged directly onto the leaderboard in just a day or two back then.

You heard me right, I’m talking about Ethereum topping the leaderboard and even ranking seventh or eighth, followed by a twitch-like upward movement like lightning, sometimes shocking the bulls but more often causing the bears to explode instantly.

So regardless of how Ethereum and the various altcoins move, they cannot bypass the big idiot, Bitcoin. Additionally, the current ETH/BTC ratio is in a relatively low state and is gradually rising.

We must not underestimate Ethereum's benchmark exchange rate; if it successfully rises, it would be tremendous. Don't be surprised if it goes straight to eighteen thousand, not just five thousand.

In summary, until the trend becomes clear, shorting is only a temporary measure to buy time; only after a true trend is established can we freely short or go long.

During this period, it is crucial to protect your costs and avoid exhausting your bullets before the New Year.

Especially some minor altcoins might take advantage of our window of opportunity to invade us, leading to unnecessary losses.