Today's Hot Topic -- Cryptocurrency Market Forecast
I can't really talk about this without bias because old Wu only plays Ethereum, so I can only share my personal humble opinion on this. After all, Ethereum is at least the leader of the clone projects😂
Will the market go up or down in the future? It's really hard to say
Firstly, the market is currently sluggish, with fear lingering in people's minds. Those who are trapped have no money, and those who are not are watching from the sidelines. This can be seen from the recent low liquidity. Overall, the sentiment is still bearish
Since we're predicting future trends, we definitely can't rely on hourly or minute charts; we need to look at the monthly and weekly charts
Looking at Ethereum's monthly chart, it is clearly at a support level. However, recent liquidity is low, and starting from today, Monday, there's a slight upward push. But for market sentiment, it doesn't seem very convincing, as retail investors are chasing the trend to enter the market. So, if you ask whether a bull market is starting, it's still too early to tell. But if you talk about a sharp decline, today shows that the market manipulators are intentionally pushing the price up
Therefore, my personal advice is to stay on the sidelines. Only when positive news and market manipulators' efforts to pump the price boost retail investor enthusiasm and lead to follow-in entries, then it's your opportunity to go long and buy spot
Someone asked how to tell from where to see? Just look at the positive news and increased liquidity, then you can enter the market🤫 As for the current situation, there is indeed a possibility of a rise
Trading Suggestions👀
Buy some spot first, and build positions gradually during the decline
For low-leverage contracts, go long and be prepared for a quick dip, so you don't get liquidated
What about high-leverage contracts🤔? If you see a good opportunity, just go for it😂$ETH #加密行情预测
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Today's Hot Topic -- Cryptocurrency Market Forecast
I can't really talk about this without bias because old Wu only plays Ethereum, so I can only share my personal humble opinion on this. After all, Ethereum is at least the leader of the clone projects😂
Will the market go up or down in the future? It's really hard to say
Firstly, the market is currently sluggish, with fear lingering in people's minds. Those who are trapped have no money, and those who are not are watching from the sidelines. This can be seen from the recent low liquidity. Overall, the sentiment is still bearish
Since we're predicting future trends, we definitely can't rely on hourly or minute charts; we need to look at the monthly and weekly charts
Looking at Ethereum's monthly chart, it is clearly at a support level. However, recent liquidity is low, and starting from today, Monday, there's a slight upward push. But for market sentiment, it doesn't seem very convincing, as retail investors are chasing the trend to enter the market. So, if you ask whether a bull market is starting, it's still too early to tell. But if you talk about a sharp decline, today shows that the market manipulators are intentionally pushing the price up
Therefore, my personal advice is to stay on the sidelines. Only when positive news and market manipulators' efforts to pump the price boost retail investor enthusiasm and lead to follow-in entries, then it's your opportunity to go long and buy spot
Someone asked how to tell from where to see?
Just look at the positive news and increased liquidity, then you can enter the market🤫
As for the current situation, there is indeed a possibility of a rise
Trading Suggestions👀
Buy some spot first, and build positions gradually during the decline
For low-leverage contracts, go long and be prepared for a quick dip, so you don't get liquidated
What about high-leverage contracts🤔? If you see a good opportunity, just go for it😂$ETH #加密行情预测