Bin was affected by Mr. Bao's negative comments and started the callback mode. It quickly fell all the way, and the lowest was close to 92,000. Ethereum also failed to withstand this wave of impact, leading the Shanzhai to plummet, and the market was wailing.
Rationally analyzing, at this position, there is no need to panic. Although we entered the market a little early, the position is not a big problem. Even if Bin continues to go down, the more extreme range is only 87,000~88,000, and Ethereum is 3,000. It is basically difficult to go down without a big black swan.
From the perspective of institutional capital flow, the inflow rate of Ethereum ETF has been increasing. In other words, when the market develops to this point, institutions have chosen the more cost-effective Ethereum. Then in the future, it may be normal for Ethereum to be stronger than Bin. Therefore, we really don’t have to worry. There is no problem with Ethereum, and there is no problem with Shanzhai, so there will be no problem with our operations.
When writing the analysis, the market has already started a sharp rebound. If the subsequent second exploration breaks through this low point, don't panic. Remember the points we mentioned and boldly cover your positions!
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