How to interpret this wave? Shorting pepe, wif, and sui, then today I increased my short position on wif. ETH's rebound has no volume, how can these altcoins rise? Is it a fantasy that capital will come in to take over the existing altcoins? To summarize: a structural bull market.
In the short term, regardless of how ETH's next trend develops, some altcoins like $PEPE, $WIF, and $SUI have basically confirmed their phase high points. Even if there is a rebound later, it will only be a rebound on the daily chart level. Don't harbor illusions about altcoins; the liquidity in the crypto space is still not enough to support so much air. Even if new liquidity comes in, it won't be interested in these current garbage.
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