Adam@Greeks.live
Adam@Greeks.live|Apr 14, 2025 12:59
http://Greeks.Live Daily Briefing of Chinese Community ===== Release date: 2025-04-14 Overall market sentiment ===== Most traders hold a cautious bullish attitude towards the short-term market, hoping that the market may continue to rise and touch the key resistance level of $88000. However, some participants believe that the market will first experience a pullback and then continue to rise, especially noting the technical pattern of ETH with one positive covering four negative. hot topic ===== Investors are enthusiastically discussing the BTCDOM (Bitcoin Dominance) index trading product, which has performed well in both bull and bear markets as the top 20 altcoins by market capitalization generally outperform Bitcoin In terms of altcoins, investors are concerned about the unlimited issuance mechanism, especially the inflationary pressure generated by SOL and ETH through POS staking, compared to the scarcity of Bitcoin The flash crash event of OM currency has raised concerns, as the currency plummeted by 90% due to algorithm errors by market makers, reminding investors of the extremely high risk of counterfeit currency
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