The position of the large pancake at 90,000 has been hit 4 times in the 1-hour level without holding. A single push leads to diminishing returns; major institutions are under heavy selling pressure + continuous outflows from ETFs. In the future market, everyone should remain cautious, especially with the Christmas crisis approaching, as liquidity will further dwindle. The more we are in such a time, the easier it is to see false spikes!
However, it does not mean that the market will keep falling; this is not conducive for unloading. If there is a rebound later, everyone must not blindly shout 'bull market' as it is very likely just a continuous trap for unloading!
$ETH
{future}(ETHUSDT)