Recently, I've been watching the market and noticed a problem—the rebound amplitudes of Bitcoin and Ethereum don't match.
The current situation is as follows: Bitcoin's target is around 88,900, Ethereum's current price is 2,850, and I have set my order at 2,930. Why adjust it like this? Ultimately, it's a matter of proportion.
You see, for Bitcoin to reach 88,900, it needs to increase by about 2%. According to the normal correlation, Ethereum should increase by 3% to 4%. Now, with Ethereum rising from 2,850 to 2,930, this range roughly aligns. Based on this calculation, the 2,930 level is quite reasonable.
Of course, the market is ever-changing, and these levels may be fine-tuned later. I'll keep the orders in place and decide based on the actual trend when the time comes.
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Recently, I've been watching the market and noticed a problem—the rebound amplitudes of Bitcoin and Ethereum don't match.
The current situation is as follows: Bitcoin's target is around 88,900, Ethereum's current price is 2,850, and I have set my order at 2,930. Why adjust it like this? Ultimately, it's a matter of proportion.
You see, for Bitcoin to reach 88,900, it needs to increase by about 2%. According to the normal correlation, Ethereum should increase by 3% to 4%. Now, with Ethereum rising from 2,850 to 2,930, this range roughly aligns. Based on this calculation, the 2,930 level is quite reasonable.
Of course, the market is ever-changing, and these levels may be fine-tuned later. I'll keep the orders in place and decide based on the actual trend when the time comes.