#Bitcoin/#Ethereum/Meme-coins: Some valuable insights...
š1-14) As mentioned yesterday, crypto markets are consolidating, with Bitcoin and Ethereum down -2.6% and -4.1%, respectively. This provided a timely opportunity to lock in or protect some of our significant gains. While the bull marketās momentum remains robust, staying disciplined and steering clear of media-driven hype remains crucial. In the past week alone, weāve made four TV appearancesāon platforms from @CoinDesk to @CNBC and @Bloomberg demand for commentary on a $100,000 Bitcoin price target has surged exponentially.
š2-14) Our three short-term reversal indicators have turned bearish for Ethereum, and given their elevated levels, ETH faces a high risk of correction. Therefore, we recommend using ETH shorts to hedge any BTC long positions (see yesterdayās report). Ideally, we would have liked to see ETH rally to the $3,450ā$3,500 range, but the momentum slowed slightly earlier.
š3-14) There are also valuable lessons to be learned from the post-election period, as outlined in our report: https://mail.10xresearch.co/p/bitcoin-ethereum-meme-coins-some-valuable-insights
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