12.13 Ethereum market analysis, making money starts from analyzing the market $ETH
First, let's talk about the reason for the drop last night. Firstly, there was no volume; there was only a slight increase in funds flowing in before the interest rate cut due to ETFs. After the cut, it was dismal, and most would choose to enter the market when it stabilizes, but after the rate cut, the market disappeared, and it was all spectators!
Secondly, the impact was from Japan's interest rate hike policy on the 18th. Later, I will explain in detail why an interest rate hike can also affect the market; it's not just the US dollar that can have an impact.
In the short term, it's still focused on high shorts; don't think about bottom fishing. There was no market over the weekend, and there wasn't even a point of fluctuation. Retail investors are no longer buying into this and won't foolishly keep watching. Other small funds are attracted by altcoins, so it's best for everyone to move less and watch more! Wait for opportunities!
Later, I will find a position for high shorts; those interested can pin a message to ask Long Ge for the position
