This deep cleanup will inevitably break previous lows, with Ethereum dropping to 1380 or even lower, while Bitcoin has already reached its previous low and accelerated downward. Look at LTC, which is extremely weak; it had already cleaned out the previous lows early and broke below them. Therefore, Ethereum cannot complete a deep washout without breaking 1380. Without clearing out the longs, it's too heavy to push up easily. Bitcoin, on the other hand, is bottomless, but the strong support is the dense trading zone in the previous range, which is between 50,000 and 60,000. So, unless there's a clear breakdown and a bearish trend, don't try to bottom fish. Otherwise, you'll get hit.
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TheOldBullGoingAgainstTheFlow
· 2h ago
There is clearly no liquidity left, and returning the car is too heavy. The losses on 10.11 are all gone. Returning the car is too heavy, I don't know what you're thinking. As more people buy, they say the car is too heavy, no one buys, and liquidity is insufficient.
This deep cleanup will inevitably break previous lows, with Ethereum dropping to 1380 or even lower, while Bitcoin has already reached its previous low and accelerated downward. Look at LTC, which is extremely weak; it had already cleaned out the previous lows early and broke below them. Therefore, Ethereum cannot complete a deep washout without breaking 1380. Without clearing out the longs, it's too heavy to push up easily. Bitcoin, on the other hand, is bottomless, but the strong support is the dense trading zone in the previous range, which is between 50,000 and 60,000. So, unless there's a clear breakdown and a bearish trend, don't try to bottom fish. Otherwise, you'll get hit.