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ETH just completed a strong 8-day bullish streak on the daily chart and surged higher, only to be hammered down by hawkish rate expectations into nearly a 7-day bearish pullback.
The current intraday volatility doesn't constitute a real correction—there's likely to be 1-2 more days of volume-driven sharp selloffs ahead.
The minor decline now is just an appetizer; tomorrow will likely see a more violent downside test.
Only when prices drop to the point where market panic sets in and no one dares to buy the dip will a true phase-based bottom emerge.
$ETH $BTC #Gate13周年全球庆典