Brothers, this market situation is really tough!!! Neither falling nor rising

The Ethereum long position opened at 2660 in the morning has now dropped to 2646, commonly referred to as being trapped in analysis

Looking at the K-line chart, ETH rose to 2720 last night and then fell back, indicating that the selling pressure above is still very strong, with sellers outnumbering buyers.

I saw a set of data saying: Bitcoin first rose to 70k, Ethereum at 4000; the second time to 70k, Ethereum at 3900; the third time to 70k, Ethereum at 3300; this time Bitcoin reaches 70k, Ethereum is only at 2500.

I don't understand what this data is trying to express? Bitcoin is strong, Ethereum is weak?

When buying assets, don't focus too much on the fluctuations of the asset's rise and fall, but should pay more attention to the intrinsic value of the asset.

To be honest, when the price goes up, you believe it has value, like the previously rising Sol and Ordi,

Why were very few people buying at the bottom? It's because it hasn't risen, and it's unclear whether they have value, leading to the belief that they are the 'garbage' that everyone talks about?

As a result, when it rises, people say it has value, and now everyone holds it, but what happened? Isn't it just that they got trapped? When it falls, they cut losses and curse it as garbage, then it rises again, and they go back to being sycophants.

So no matter how many times Bitcoin rises to 70k, how Ethereum compares to Bitcoin's price of 70k each time has no relevance; it will only bring more confusion and anxiety. What we need to do is let the bullets fly for a while; soon, ETH's value will be reflected.

Today is the 31st, and the monthly line will close tonight, so volatility will be very high. Pay attention to the holding situation in contracts, and with the major events in the cryptocurrency market around the elections on the 5th of next month, friends must pay attention!

Follow the big data in the next few days!

Tonight at 8:30, pay attention to the U.S. September Core PCE Price Index Year-on-Year

Tomorrow night at 8:30, pay attention to the U.S. October Non-Farm Employment Population after the tone-setting

If these two data points do not have too much negative impact, Bitcoin is expected to sprint to a new high of 74000, and Ethereum could also rise to 3000; otherwise, it will continue to adjust.