The market fluctuations in the past week have caused many to suffer losses. Let's review how those seemingly confident signals have evolved into losses.
Industry influencers' opinions are indeed startling — TOM LEE claimed that market liquidity has fully flowed back into Ethereum, signaling the start of a bull market; at the same time, a well-known analyst confidently stated that the bottom has been formed and a full bullish signal has appeared. Additionally, top global investment institutions have opened up purchasing rights for Bitcoin and Ethereum. When this information surfaced, it was like giving the market a shot of adrenaline.
Looking at the candlestick charts, Ethereum broke through the existing trendline and also surpassed previous highs, forming a classic double bottom breakout pattern with a target of 3700. Everything seemed to unfold according to textbook-like patterns.
But reality is often more painful — even after breaking through the trendline and surpassing previous highs, many still got caught. The reason is simple: someone realized that Bitcoin is the true director of this show; the movements of other coins ultimately depend on BTC's lead. Blindly following these signals while ignoring the core logic of the market often results in a very unpretty final bill.
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ApeWithNoChain
· 12-16 07:53
It's BTC again calling the shots. All those Ethereum signals are just a bluff.
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UnluckyMiner
· 12-16 07:41
It's the same old story; if you believe what influencers say, you might as well believe in ghosts.
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QuorumVoter
· 12-16 07:26
It's the same story again. When a big influencer speaks, the coin soars, but in the end, it's still knocked back to its original state by BTC with a punch.
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DecentralizedElder
· 12-16 07:24
Once again fooled by a big V's trash talk, thinking it could really hit 3700, but BTC's sudden move completely wiped out all gains.
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TOM LEE's recent comments are truly outrageous; he only looks at charts and ignores the actual market logic.
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In the end, greed is to blame. Knowing that BTC is the big brother, yet still following Ethereum's trend—serves him right.
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The lesson this time is that no matter how brilliant the analysis, it can't compare to a single move by Bitcoin.
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Liquidity flowing back into Ethereum? Wake up, it's all flowing into BTC now.
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The double bottom breakout looks perfect, but unfortunately, reality is a big pitfall; the losses are unavoidable.
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Why get trapped? Because you haven't recognized who the true big daddy of this market is.
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Experienced traders know to follow BTC's rhythm; those trading Ethereum shouldn't blame the market's ruthlessness.
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There are plenty of signals, but all are false; only BTC's movements are real and trustworthy.
The market fluctuations in the past week have caused many to suffer losses. Let's review how those seemingly confident signals have evolved into losses.
Industry influencers' opinions are indeed startling — TOM LEE claimed that market liquidity has fully flowed back into Ethereum, signaling the start of a bull market; at the same time, a well-known analyst confidently stated that the bottom has been formed and a full bullish signal has appeared. Additionally, top global investment institutions have opened up purchasing rights for Bitcoin and Ethereum. When this information surfaced, it was like giving the market a shot of adrenaline.
Looking at the candlestick charts, Ethereum broke through the existing trendline and also surpassed previous highs, forming a classic double bottom breakout pattern with a target of 3700. Everything seemed to unfold according to textbook-like patterns.
But reality is often more painful — even after breaking through the trendline and surpassing previous highs, many still got caught. The reason is simple: someone realized that Bitcoin is the true director of this show; the movements of other coins ultimately depend on BTC's lead. Blindly following these signals while ignoring the core logic of the market often results in a very unpretty final bill.