ETH's move today really fed the shorts.


From the market perspective, it's no longer just a simple correction, but:
> ETH is dragging the entire altcoin market down with it, devaluing valuations.
Especially clear in this chart:
* The 2000 level has been broken
* 1980 has been breached
* Long leverage positions are continuously liquidated
* The rebound has almost no strength
The main force is pushing down all the way, smashing and collecting liquidity along the way.
The most intense part is:
> Altcoins are falling faster than BTC.
Because currently, market risk appetite has clearly decreased, and many funds are directly:
* Cutting altcoins first
* Then cutting ETH
* Finally moving back to BTC or stablecoins
So today, the shorts are basically:
> Riding the wave of sentiment and enjoying the ride.
But in such times, you also need to be cautious:
After a continuous waterfall,
the most likely scenarios are:
* Sudden sharp spikes
* Rapid retracement
* Double-sided liquidations
Don't chase shorts blindly now,
The real danger is:
> The main force suddenly rebounds to clear out all the short positions. #操作建议
ETH0.29%
BTC-0.08%
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