Ethereum and Bitcoin rebounded in the afternoon and short orders were blown up. Many people are confused again. Let me talk about the market. Yesterday, I wrote that if 3380 is broken, you should withdraw. If Bitcoin breaks 97200, you should withdraw. Today, it fell violently and then went up 3000 points. At this time, many people are thinking: Oh, should it be more?
Please see the picture below. I said that if Ethereum breaks 3380, the rebound trend will end. Looking down between 3050 and 2888, the net inflows that the market often lets you see are all illusions. When you see the news saying that ETFs have net inflows, basically the crops have changed hands or withdrawn (it is a very wrong idea for retail investors to decide whether to buy long or short based on news).
$ETH
Please see the picture below. I said that if Ethereum breaks 3380, the rebound trend will end. Looking down between 3050 and 2888, the net inflows that the market often lets you see are all illusions. When you see the news saying that ETFs have net inflows, basically the crops have changed hands or withdrawn (it is a very wrong idea for retail investors to decide whether to buy long or short based on news).
$ETH