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The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
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Many people missed the Rebound in this wave of market trends. The ones who are on board are mainly of two types: one is the minority who bought in with split Positions, and the other is those who were trapped on the vehicle in advance.
There are not many people buying in parts, as they want to get in at an even lower point, which ultimately led to them missing the opportunity. Now the timeline may be reduced as early as September, and the market has also shown a double divergence, with some still maintaining the view that the bull market is ending; interest rate cuts are just the beginning of a sharp decline.
The other type of person is someone who wants to wait for a pullback to buy the dip, but this candlestick is a very standard and typical small bullish candle that is slowly pushing up. This kind of trend makes it uncomfortable for you to enter the market; if you don't enter, watching the small bullish candle makes you feel restless.
Maybe you can hold back this way, but when you continue to push slowly, from time to time Xiaoyang interspersed with a big yang fomo, the mood will come up immediately!
Strictly speaking, this bull market started in October 2023, and the real explosive period has not yet arrived. Some may feel that the market lacks funds and that an explosive period is impossible, but water is not something that can simply be discussed.
You said there might be a callback, and the probability of a key node for the callback happening between 100,000 and 110,000 is quite large. Then you mentioned that 100,000 is currently a psychological price level where short-term positions are accumulated above 80,000 in the market.
In addition, we are near the previous high of 110,000, and some low-position investors may escape in this area, the reason being: the highest position to the previous pullback will create a psychological gap. Investors who failed to escape at the peak during the decline will feel a psychological gap when watching their profits pull back. Their inner thoughts are that they will be satisfied when the profit returns to the high point, and to avoid trouble, they will not act. When it drops, I can exchange for more chips.
Then there is the speculation that there is no change in the short-term environment, and the outflow and price push are counterproductive, and it may be the vacuum period of May.
When the environment changes, the water flowing in is different; any push will naturally lead to success.
As for whether the bull market is over or not, waiting a few years is not just to prepare for the last few months, remember that the quilt can be covered, but don't let the leverage be wiped out because you are in a hurry.
The most attractive aspect of this circle is its efficiency; it can achieve in a few months what others take years or even over a decade to accomplish.
Don't think I'm crazy:
The summer insect cannot speak of ice,
Well frog unspeakable sea,
Ordinary people cannot speak of the Dao.
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