Ethereum has no new historical highs, and its value is low
Good things will eventually be discovered by smart market funds. Good is good. A big rise is not a reason for a fall, and a big fall is not a reason for a rebound. There is no such logic as a compensatory rise or a compensatory fall. It mainly depends on the value fundamentals. This wave of divergence in the trends of Bitcoin and Ethereum has explained everything. Good things are not cheap, they are more likely to rise, and they are more likely to get a valuation premium. Ethereum is still hanging halfway up the mountain, a long way from the high point in 2021. Price and position are not important, fundamentals are the most important
$BTC Bitcoin short-term pressure level is 91500, sell at highs and go short, buy near the support level of 87000, sell high and buy low, and operate in the band
The market value of Bitcoin once touched 14 trillion last night, and it encountered a heavy blow from short sellers at $93,000, and quickly fell back to $87,000. The logic is that the market value cannot exceed the market value of technology giants such as Nvidia, Google, and Microsoft. How can this group of companies representing the most advanced productivity in human history be crushed by the market value of Bitcoin? It can only be said that Bitcoin can be infinitely close to the market value of technology giants, but it cannot exceed it. This is an ethical issue. With the support of this logic, the short sellers were extremely fierce, and the total network Bitcoin contract transaction volume exceeded 200 billion. Such an astonishing value is destined not to fall too far. When it reached a reasonable level, a lot of buying orders rushed in again. Currently, Bitcoin and Nvidia are listed as the two best assets in the world, and the market value of 14 trillion is enough to prove the thickness of the value.
The latest price of $BTC Bitcoin is 89700 USD, priced at 649000 RMB, with a market value of 13.7 trillion. In my opinion, the market value is too large, and there is a drop at this position, with little room for increase. Bearish outlook, current price 89500, sell high to short, liquidate spot and wait for observation
$BTC 89800 top, continue to increase short positions on Bitcoin, bearish, betting on a pullback, synchronize real-time price to sell short Ethereum, bearish
$BTC Brothers, my suggestion is to short Bitcoin with all your strength at 89000, telling you that this is the top, the upward potential is limited, bearish
$BTC Bitcoin starts to pull back, the upward space is limited, sell high and short Bitcoin at real-time prices above 88000, sell more as it rises, sell off on a rally, short on a rebound
$BTC No more talking, the upward space is limited, sell short Bitcoin at the real-time price of 82000, reduce positions and sell at high points, sell spot as well