The weekend has no funds to buy large market trends, and the retail investors are wondering what to do??💥💥
First, let's talk about why Ethereum plummeted last night. In fact, the market drop last night was anticipated by Sister Min; it was just unexpected that the strong support at 3180 was broken, leading to a significant market crash and a major liquidation. Reviewing the reasons for the crash, it primarily stems from the interest rate cuts being realized while the negative impacts have not yet been fully digested. Earlier, Sister Min also led fans to profit from several waves of long positions in Ethereum.
The negative impacts are not yet fully realized, and the market certainly will experience another major drop due to Black Friday. Therefore, the 200-point drop in Ethereum last night is relatively reasonable. Additionally, with the interest rate hike on the 19th, it has caused panic selling in the market.
Friends observing on-chain funds must know that there has been a significant outflow of Ethereum ETFs recently. Now it's the weekend, and the market will only remain within the current range. Without the US stock market and without buying volume, those looking to bottom-fish may need to wait a bit longer; now is not the right time to bottom-fish.
Sister Min will be positioning strong altcoins over the weekend, providing fans with some transition for the weekend. For the market, you can wait until Sunday night to see if there are better trends. Daily strategies will be laid out throughout the day, and specific points can be found in Sister Min's chat room. 😁
