$ETH has been moving relatively independently, with Bitcoin not even breaking $80,000 while this one surged directly above $2,660
With this kind of rally, a rate hike being ruled out is basically set. Even if there is no rate hike then, it will definitely still fall again, after rising 200 points from yesterday’s low around $2,400
Expectations have already been fully priced in. It is now flushing out the shorts, and when the no-rate-hike bullish news comes out and everyone goes long, it will dump back to $2,400—a classic move.
Brother Wei suggests setting up short positions if it rebounds to