2024.2.13 Market Analysis

This unilateral rise in ETH is indeed unexpected. As the market’s bull market calls get louder and louder, the bullish sentiment has completely opened up and it is advancing all the way. It has the potential to reach 3000. The recent short selling is indeed against the trend. It will Looking at February and March of previous years, the gains were good, but I personally firmly believe that the bull has still not come. No matter how it rises, even if it rises to 3,000, it is still regarded as a unilateral market. I hope everyone will not be misled by the market. Since the bulls Emotions are high, then we will operate according to the trend, mainly low and long, supplemented by high altitude. At present, it depends on whether this wave can break 2700. If it does not break, it will be a second peak. If it breaks, we will look at 3000, but 3000 will be in the short term. It probably can't be reached, let's take a look step by step

BTC went directly to 50,000 yesterday, reaching a maximum of 50,410. This wave of pie is quite strong, mainly because the ETF of the pie has passed, which is a long-term positive factor. With the US stock market hitting new highs, the pie has also risen with the tide, but , no matter what the cause is, the current market does not have the conditions for a bull market. Judging from the previous bull markets, every time it will be accompanied by a big drop (the market plummeted by about 70%), and 90% of people were washed away. Then there will be sideways fluctuations, and finally a signal will appear, which will start the bull market. Since the current market sentiment is high, then we will follow the trend, mainly low and long, supplemented by high altitude. For the big pie, we will use 50,000 as the benchmark, and the top Go short, go long below, the specific point will be based on the actual offer.

The above analysis is a personal analysis and does not serve as a basis for anyone to place an order.