Let's see if this Ethereum pillar can fix this bearish candle. If it doesn't break above 2772, it remains short-term bearish. I hope my short position can profit from this wave. SOL is starting to get stronger now; Ethereum has shot up too much and needs to take a break to let SOL strengthen. The meme coins represented by Dogecoin have all taken off, so the next one is SOL. This week is going to be tough because of the upcoming interest rate hike in Japan on the 31st, which is a major negative.
Don't overly trust any KOL's analysis. Remember that in June, 80% of KOLs on social media were basically bearish, and in fact, July saw a big surge. Now that 80% of people are bullish, we need to be cautious. Killing the big players and profiting less always aligns with the interests of the whales.
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