The pump driven by news for Bitcoin on Friday has completely retracted. This is mainly because the market makers of BTC are continuously switching their positions to Ether. There was a false breakout for Ether early in the morning, but it ultimately failed to break above 5000. It's highly likely that some market makers ran ahead of the curve, just now picking up a long order for Ether near 4600, and then adding a portion near 4500, with a stop loss below 4450. As mentioned before, before the interest rate cut expectations materialize, the possibility of a big dump is not very high, and it will mainly be a wide range oscillation within the day.


#ETH # interest rate cut
BTC0.71%
ETH0.4%
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