This decline is related to the continuous rise of the cryptocurrency market this month. Only at high levels will there be a big correction. Therefore, the main reason for the decline of the market is still "the need for the health of the market." So will this correction be sustainable? Will the bull trend come to an abrupt end?
I personally think it will not, and it is even difficult to fall to 65,000. Based on this, I think that as long as there is a pin, we must slowly lay out.
The specific reason is actually very simple, that is, the torrent cannot be blocked.
In the past half month, it has actually been a cottage market. The cottage has taken turns to pull the market in the past half month, and all of them are new coins, such as pepe, not, ordi. These are all new coins in this round of bull market. The old mainstream coins of the older generation still have no performance. Various cottages have been pulled for half a month, and they fell in a few hours at 2 am last night. After Ethereum has inserted 9 pins in succession, the 10th pin has a big pin, 3555, which is in line with the Ethereum second bottoming out and inserting a big pin that has been mentioned many times before.
Moreover, Bitcoin did not fall much in this wave of big pins. Let's see when Bitcoin stabilizes. It will still fluctuate over the weekend and may continue to fall next week. There will be CPI data next week (Jinshi Data has various calendars
Just bought spot pendle at the current price, huge buy orders, and a small-level bullish trend has emerged. Weak coins can be exchanged for some pendles
Pendle is the leader of the Ethereum series. If Ethereum rises, Pendle will definitely perform strongly. The increase of OP, ARB, and LDO cannot compare with Pendle
If you take the initiative to find me, my strategy password. Spot contracts are shared free of charge with fans.
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