The continuous corrections in the past few days have almost cleared the long leverage. The amount of liquidated positions in the past few days has been at least one billion US dollars. In fact, clearing leverage is a necessary operation in every bull market. After all, the main force is obtained by investing real money. Increase profits, and the high-leverage group can achieve the same profit at one-tenth of the cost of the main force, which is unacceptable to the main force. Moreover, the main counterparty of current market contracts is CEX, so making a contract is equivalent to fighting CEX. The final result of this kind of operation of seeking skin from a tiger will definitely be death, but the cleaning of the leverage is definitely a good thing for the spot. Only when the car is lighter can it have enough power to break new highs.

The counterfeit market has also picked up, but the exchange rate of ETH against Bitcoin is still declining. Today it has completely fallen below the 0.05 support level. This rebound is very weak and is likely to continue to fall. The specific reasons have been mentioned before. Near q1un + Wei: BTC158268

First, the big pie is on the eve of being halved, and it should be much better than the copycat.

Second, the probability of Ethereum ETF passing in May has become very low. Even the foundation has begun to write letters to the SEC, which means that he is very panicked. The combination of these two points will lead to the support of the exchange rate of ETH against BTC. disappeared, and it is difficult for the short-term ETH trend to become stronger.

The market has been falling for two consecutive days, which made many people think that there will be a big drop. Now many people think that there will be a big drop before the halving. This is completely based on the previous bull market. The trend of this bull market is completely different from the previous wave. How can it be used for comparison?

That is to say, because of the previous bull market, many people were short. People who were short must want to receive low-priced chips, but the main force finally raised the price. How could these people receive cheap chips? If I were the main player, I wouldn't let them receive low-priced chips.

If it rises a little, it will be crazy, and if it pulls back a little, it will fall sharply. This is because you can't understand the market trend and trade based on your feelings. However, the market will not change based on personal will. Bitcoin fluctuated in April, and valuable currencies will see a wave of rise.