Market Insights WLFI hasn't shown any signs of draining liquidity yet, but Bitcoin hasn't risen either. This morning, after Bitcoin slightly dipped below a new low, it experienced a minor rebound, while Ethereum's rebound was quite strong. I took a long position on Bitcoin and ended up losing one trade, but thanks to Ethereum's rebound, I still made a profit by the end of the day. After taking profits at the relatively high level of 4480, I kept the remaining position at breakeven. In the evening, both Bitcoin and Ethereum saw some pullbacks, with Ethereum dropping back to the 4360 range. Many people predicted that WLFI would drain liquidity from the market, but this hasn't happened yet. On one hand, WLFI had pre-market contracts available before the opening, allowing for relatively sufficient speculation; on the other hand, the current market funds are still relatively cautious compared to when TRUMP launched its token, so there hasn't been a frenzied participation in trading after WLFI's listing. We can see that WLFI dropped sharply after opening, and due to the general mindset of most people buying the ups rather than the downs, there is currently no need to worry about WLFI draining liquidity. Despite this, the weakness in the market rebound has led to many assets that wanted to perform not showing particularly good results. The positions we will focus on next are whether we can continue to break through 110500 to reach 113500, or if there will be an opportunity to reverse and enter long positions in the 105500-104000 range. Of course, while we want to time our long positions based on Bitcoin's levels, we mainly focus on altcoins and Ethereum for selection. Today's mini-rebound also shows that Ethereum's elasticity is much stronger than Bitcoin's. In the sideways consolidation at non-critical levels, I believe we should reduce excessive trading out of boredom, as this can improve our win rate. This article is sponsored by #BCGAME | @bcgame @bcgamecoin
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