The overall trend of the cottage industry has been very weak recently. Even Ethereum does not have much room for operation. Yesterday morning, the lowest point fell to 3474, and the highest intraday rebound reached 3552. The overall rebound was less than 100 points, which is equivalent to the weakening of the big cake again. Whether it is off-site funds or on-site funds, in an uncertain market, the big cake is always the first choice. Only when the big cake stabilizes, the cottage industry may have a chance
Let's continue to talk briefly about the significance of the current simultaneous rise of gold, bulk and the US dollar. First of all, consider who is the biggest beneficiary of the rise of gold and bulk. The United States, on the one hand, has the world's largest gold reserves, and on the other hand, the United States' crude oil exports are also the world's largest. The United States currently has a debt of 34 trillion, and it must harvest the world through various methods to resolve the debt. Inflation is a simple and violent means. No matter when the Federal Reserve cuts interest rates, once this round of inflation in the world begins, it will not stop. For the currency circle, only the big cake has a safe-haven attribute, and other assets only have risk attributes. This is also the reason why the big cake can be stabilized, while the cottage industry cannot hold on
At the current point, the support below is 3450 3200,
The upper short-term resistance continues to focus on 3600 3700
In terms of operation, it is not recommended to buy against the trend, and buying at the bottom is very risky. The risk of stabilization on the right side is controllable. Consider entering the market when it can stabilize at 3530; buy low and pay attention to the support of 3400-3450 before considering entering the market
Investment is risky, and the strategy is for reference only
$ETH
