11.21 Ethereum Market Reminder
Due to the large volume of bulls and the excessive long positions, Bitcoin remains high while Ethereum has not risen but fallen. However, we believe that Ethereum will have another wave of increase, approaching the range of 3260-3350, after which the real harvesting will begin. Bitcoin should maintain a foundational position of (3%-5%), with leverage (5-10 times). Those who have not built a position in Bitcoin can do so now.
⚠️Note: If you want to increase your Bitcoin position or hold Bitcoin, you must base it on the high position of the second token.
Ethereum now needs to follow the rise to shake off the highly leveraged short positions, and everyone should not harbor illusions about altcoins. If a bull market can be initiated, the lending side of leverage will first signal with Bitcoin, and then, while altcoins are still declining, retail investors will be given the opportunity to buy into altcoins at the lowest point. Will there be a final surge? Undoubtedly, the probability of this is extremely low, so we should choose the direction with a higher probability.
We firmly believe that this wave is to use Bitcoin to create a red face disk, releasing bullish signals, and the main tokens for harvesting will be altcoins.
