#我在Gate广场过新年 Long-term Perspective: At this price level, Ethereum is basically unshoppable! Recently, the crypto market experienced a sharp decline, with the ETH/BTC exchange rate once touching 0.0237, hitting a nearly 5-year low. The price has almost returned to the level before the 2020 bull market started. Starting from September 1, 2022, ETH against BTC has fallen a total of 73%. Such a deep correction has only occurred in 2018-2019 in history, and after that major drop, a clear mid-term bottom was formed. Currently, market sentiment is extremely pessimistic. The valuation of most altcoins has fallen below the 80th percentile of historical levels, and prices are still below the 90th percentile. The overall valuation level has basically returned to the state when Bitcoin was at $15,500. More and more people are beginning to believe that "only Bitcoin has ultimate value," while other public chains and tokens will become passing trends. The market is shifting from valuation kills to logic kills. But history never lies: when a sector is completely discredited and its logic is thoroughly crushed, it often marks the bottom of the cycle. I always insist that only about 5% of altcoins have long-term value; they are true leaders in their respective sectors. Ethereum, in particular, is an irreplaceable core asset in the public chain space. Rebuilding confidence in a bear market is always a long process. There may be second or third lows, but these are precisely the windows for phased deployment. Don’t worry about short-term fluctuations. From a long-term perspective, Ethereum’s current price level is definitely a good entry point. Hold onto quality leaders, patiently wait for the new cycle, and time will reward those who stick to their value. ⚠️Risk Reminder: This article shares market opinions and does not constitute investment advice. Crypto assets are highly volatile; make decisions rationally and control risks strictly.

Investing is like hunting; only those who wait can enjoy the meat. Those who hold cash are disciplined, those who hold positions are confident. The first to lose in trading are the ones who can't sit still. Bitcoin Short position: 68,200, add to position at 69,200 Long position: 67,500, add to position at 66,400 Ethereum Short position: 1,995, add to position at 2,038 Long position: 1,954, add to position at 1,922 SOL Short position: 85.55, add to position at 87.63 Long position: 83.89, add to position at 81.74 When setting stop-loss points near standard levels, for Bitcoin around 700 points, for Ethereum around 50 points, you can also choose to add positions at support and resistance levels above or below. As long as the last support or resistance level for longs and shorts isn't broken, it's fine. Control your position sizes well. No holding through losses is allowed. Everyone must set proper stop-losses and enter with light positions. Do not open positions before reaching the target levels; act once the level is hit, and wait if not. When Bitcoin profits reach 500-600 points, Ethereum profits reach 15-20 points, reduce positions by 50% or 80% to protect capital, and move the stop-loss to break-even for the remaining positions. Short-term traders can also choose to close positions. #Gate广场发帖领五万美金红包

$ETH 9-month cycles. 🤔