Today’s market conditions have verified my views from a few days ago. You can review the previous articles: Waiting for a buying opportunity to appear when the price falls back, the opportunity for a general rise in the copycat market has come!
There is a good buying point now. I have added positions: SOL, PEPE
Some people say that yesterday’s Ethereum ETF had a net outflow of 43,000 coins? (About 150 million) caused the ETH to plummet?
Not necessarily, because the data is incomplete. BlackRock's ETHA data for yesterday has not yet been released. It is the ETF with the largest net inflow on the 23rd, but from the current data, ETHA needs at least 40,000 ETH inflows to offset the outflows.
According to the ratio of 77,500 inflows on the previous trading day, it is not completely impossible, but it may be difficult to achieve a large net inflow.
ETHW, the second largest net inflow on the previous trading day, only had about 8,500 inflows, which is only 14.3% of the previous trading day. This is not a good sign, indicating that the current purchasing power is weak.
Grayscale is still selling as usual. Looking at the ETH chart itself, the net inflow exceeded 30,000 in the last trading day, and the price is still fluctuating in the range, with no signs of strengthening.
Moreover, the market itself has a need for a correction. This view was stated on Monday and will not be described here.
The market is continuing to fall back to test the support of EMA20 near $63,800. We will pay close attention to this position, which is related to whether the market can fall further back to $60,000.
ETH has fallen a lot. It turns out that the market is all about speculation. Good news is bad news. Pay attention to the two supports of $3,100 and $2,900. It is expected that the daily line will stop falling at these two positions.
The current market lacks enthusiasm, and the buying is still these people. Bitcoin will reach 100,000 in the future, and it will definitely reach 100,000. The entire currency circle will not die. The most powerful BTC is less than 1 trillion. BTC now can't find the feeling of all-in; 20,000 and 40,000 have the feeling of all-in; those who are bullish are still more fomo. But in 21 years, it feels very fast to reach 100,000, but in fact, it has been 3 years.
It is good that the ETH ETF can have 1/5 of BTC. ETH cannot be pledged, and the annualized return is 3.7% less. Institutions are more willing to allocate BTC. The valuation system of ETH is different.
It is not difficult to choose a coin. If you choose the right one, you will earn more money.
1) Coins with solid consensus. BTC, ETH, SOLUTION, and OT
2) Copycat leader pepe wif rndr ondo (price is the biggest fundamental, unlike the previous round which was value. See if the K-line is strong enough)
3) Earn money from emotions (high returns and high risks). Big capital drives big trends. Whether the brc20, ton, and solana market can continue depends on whether capital exerts its strength. If they don’t pay attention, it will be difficult.
4) Big names call for orders, Musk, Solana, etc.
5) Why do people think that the market is good but it is difficult to make money? Because it requires the right time, right place, and right people. If it takes a long time, it may not last long. Most people want to make 100 times, but it is difficult. If it is 2 times 10*10, it will be easier.
Unity of knowledge and action, the difficulty lies in execution (there is no absolute method, small wins big, don't be afraid of trial and error. Don't wait and see, otherwise you will have the opportunity to get the big golden dog but can't operate)
That’s all for today’s analysis
Finally, Xiaoru wishes everyone to become rich soon!
