Ethereum spot entry position, as shown in the picture

Feel the violent wash of the bull market. After posting in the afternoon that you can't buy the bottom, Ethereum went straight to around 3100, fluctuating 300 points downward in the afternoon. The entire network had a 24-hour liquidation of 1.4 billion and 420,000 people. Fortunately, my family is alive. After the plunge, the spot trading volume of Big B Network surged, and with the positive PCE data, it boosted the confidence of the currency circle. The market began to rise, and Ethereum rebounded 9% in one breath. There was no news stimulation from the US and European markets over the weekend, so it should be relatively peaceful. Buy on dips and take advantage of rebounds. #PCE通胀降温

Recently, the US stock index fell slightly, but the CNN Fear and Greed Index has fallen to an extremely panic state of around 20. In the past two years, the CNN Fear and Greed Index has only reached this position three times: August 5 this year, mid-to-late October 2023 (when US10Y soared 5%), and Silicon Valley Bank collapsed in early March 2023. In the past two days, Ethereum has fallen by 25%, the Shanzhai collective fell by 35%, and the big cake fell by 15%. You must seize the short-term rebound and follow the bulls to counterattack and eat meat. The long-term spot bottom-picking position has not yet arrived, don't worry, the bull is still there, but it needs a thorough wash to form a new main rising wave.