Every time Ethereum rises, the foundation starts to sell; this tactic is truly foolproof.
In previous transfers, there were short-term pullbacks, and today is no exception.
In this round of the bull market, the biggest short seller of Ethereum may not be institutions, nor large investors, but itself: the Ethereum Foundation.
It’s that critical point near 90,000 again. The Fed's interest rate cuts combined with hawkish statements have not caused the market to drop too much... If the yen really raises interest rates next week, we can expect another dip, The market will likely stabilize once that bottom is reached. So for now, it’s mainly about being watchful and patiently waiting for opportunities. Don’t rush into things. Think more about trading strategies, clarify trends, and focus on defense first. By slightly improving the win rate of each trade, profits will naturally follow. Impatience is truly a big taboo. Looking back at every major loss, it’s often due to being too anxious! Stay calm, opportunities are always there. #美联储降息
Recently, this market is truly tormenting; it rises for a while and then crashes, shaking everything as it cleans up leverage. #ETH rose to 3450, able to trigger 970 million short positions; but as soon as it returns to 2800, it can directly penetrate over 2 billion long positions. This kind of double kill trend only indicates one thing: a major shift is coming. Next, we will see how V God and the Ethereum Foundation play their cards.
Just now, 21Shares has once again submitted the updated Dogecoin spot ETF application documents to the U.S. SEC. This time, they clarified key details such as fees, custody, and processes all at once, which has directly boosted market confidence. Dogecoin price surged by 11%+, once breaking through 0.15 USD! Key updates overview (simple and straightforward version)
Management fee set at 0.50% Fees calculated daily, paid weekly in Dogecoin No announcement on 'fee reduction' policy yet (may be supplemented later)
Newly added multiple custodians and service institutions:
Bitcoin rebounds to $86,000, Ethereum surges to $2,800, but blockchain concept stocks plunge across the board!
Last night's market could be described as a 'night of terror.' The Bank of Japan once again signaled a rate hike, instantly igniting global risk aversion, with US stocks and cryptocurrencies being pressed down together. Bitcoin briefly fell below $84,000, and even blockchain concept stocks like Coinbase and MicroStrategy were crazily sold off. Japan's rate hike expectations caused the crypto market to hit the brakes instantly Japan's government bond yields have soared to the highest level in decades, and yen carry trades are starting to accelerate their unwinding. The result is: Bitcoin was directly smashed below $84,000 late at night, and then rebounded strongly, briefly standing back above $87,000, with bulls and bears locked in a fierce battle on the market.
Shiba Inu (SHIB) shows a 'double bottom' after the crash! Is a rebound coming?
Recently, #SHIB has dropped too sharply, but a noteworthy signal has quietly appeared on the chart - the double bottom pattern. This is usually seen as a 'possible reversal' structure, giving the bulls a glimmer of hope. Amid the crash, SHIB shows key support.
From the TradingView chart, SHIB has tested the bottom twice in the $0.0000078 - $0.0000080 range and successfully rebounded, with considerable strength. This illustrates a problem: Even if there are no new positive developments in the market and the sentiment is cold, the sellers seem unable to suppress it for now. What does the double bottom really mean?
The double bottom is not a 'confirmed reversal', but it is indeed an obvious rebound signal.
D-1H has shown a decline in MS, with both large and small levels resonating together. What can be done now is to stabilize the position, and wait for that day to reap the rewards.#zec