Hello everyone, I am Thirteen.

I spent a day at the beach today and had almost no time to look at the market. After the PCE data came out yesterday, I informed the group of risks. Today, the market has reached a low of 62,400. Due to the strong wind at the beach, I basically had no time to look at my phone, otherwise I would have asked everyone to buy some of the bottom at this position.

This position has reached our bottom-hunting range, and the selling range is around 66,000.

Many people are worried that the market will continue to pull back. At present, this possibility is not high.

First, 60,000 has become the bottom recognized by the market. At this position, funds are very determined to intervene.

Second, the market funding rate has turned negative. It can be seen from the liquidation map that a small amount of long-side chips are concentrated at 61,000, while the short side has accumulated a huge amount of short orders above 68,000.

There is no reason for the dealer not to go up and convert these short orders into fuel for rising.

Third, have you found that Ethereum is more resistant to declines than Bitcoin today? It is not that Ethereum has reached the bottom, but because Sun Yuchen and other bigwigs are frantically buying Ethereum.

Why are they so crazy to enter the market? It is definitely not for charity. May is coming, and the market may start to hype Ethereum ETF.

Everyone must hold on to the chips in their hands and never lose them. No matter how the market falls, it is a trap for short sellers in Thirteen's opinion.

If it is a long-term position around 62,000, enter with your eyes closed, no need to worry.

Short-term positions need to enter the market in batches.