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【Trend follower's view】Before the real pullback, another new high is still possible.
The madman said...
When the funds are active, the weekend market for small coins will not be very bad, but these two days there is obviously no money-making effect, only the big cake is struggling alone. The support for the big cake comes from the overflow effect of Microstrategy's inclusion in the Nasdaq 100 on Monday, and it is expected that ETF will continue to flow in. At the same time, the Fed will complete the December interest rate cut next week (the probability has reached nearly 100%). Therefore, before the real pullback, it is still possible to reach a new high, but it is not worth expecting a high degree.
For Ethereum, it hasn't moved much this round. It should be close to breaking through 4000 after the correction. I plan to ambush with a contract.
If you're interested in cryptocurrencies, you can explore Ethereum-related options such as restaking, layer 2 solutions, and Defi. They all have the potential to follow the strong performance of ETH.
As for whether small coins can continue to rise, it may be necessary to pay attention to whether the previous big money XRP and DOGE can pull a new high in the short term to release liquidity, or whether ETH's rise can also release liquidity.
It will take some time before the next risk release, but basically it has entered a stage of licking blood on the knife edge. Look for good targets and set stop-loss for short-term trading.
Statement: The article only represents the author's personal opinion, not the viewpoint and position of Blocklike. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and Blocklike will not bear any responsibility for the direct or indirect losses caused by investors' transactions.
<【Crazy people say trends】Before the real pullback, it is still possible to reach a new high.> This article was originally published in Blocklike.