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Caren Raridon ai2v
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Share Your Thought's about $ETH .#TrendingTopic #Ethereum(ETH)
Share Your Thought's about
$ETH
.
#TrendingTopic
#Ethereum(ETH)
ETH
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Caren Raridon ai2v
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Bearish
Will $INJ Go Down #TrendingTopic
Will
$INJ
Go Down
#TrendingTopic
Yes
53%
No
47%
34 votes • Voting closed
INJ
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BTCNear82k
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135 Posts
Currently, the trend of $BTC shows that after continuously breaking new highs, there is no significant selling pressure, with the price reaching 80,000. Essentially all profit positions are here. At this time, breaking,, 80,000 still hasn't activated a large amount of selling pressure, which can only indicate two points, 1. The price consensus has not" been reached yet. Market sentiment is optimistic enough and bullish, leading most traders' profit targets to 80,000 or even higher points like 100,000. 2. Weekend liquidity is (relatively) low, and less capital may push prices higher. Meanwhile the activity on the US side is lower, and the real selling pressure may not have appeared yet. Currently, both scenarios are,, possible, especially with the rise during the weekend, as the increase brought by low liquidity can easily be misleading. As for altcoins, ETH's ""momentum is already quite evident. Once BTC stabilizes, ETH will take the opportunity to rise. Many mainstream altcoins are( already) unable to contain their restlessness and are showing movement. However to confirm sufficiently positive sentiment, we still need to wait until Tuesday. Previously, I mistakenly referred to it as Monday, having forgotten that there is a holiday in the US on Monday. Once we reach "Tuesday and the US stock market opens, if the US side continues to consolidate the rise in BTC prices and macro external factors do not bring( negative) sentiment, then altcoins are very likely to become active at the start of normal trading days. We have waited patiently -for over 8 months for altcoin activity, which may soon be upon us. At the same time, the'' fourth quarter of every year and the phase leading up to the Chinese New Year often brings a surge in the crypto market. If this year can (continue) it wouldn't be a bad thing. However, happiness is always short-lived. If the market welcomes a- wave of activity, by February or March next year, we will again face a stage of entanglement. Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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