Greeks.Live: Traders are pessimistic about ETH's performance and believe it may become the second Litecoin

Odaily Planet Daily News Greeks.Live macro researcher Adam released a Chinese community briefing, which pointed out: The group has different opinions on the short-term trend of Bitcoin. Some traders believe that the $104,000-108,000 daily axis has been broken. If it does not fall back, it will form a 3 buy signal, but at the same time there are signs of divergence, which may turn into a 1 sell. As for Ethereum, traders are pessimistic about its performance and believe that it may become the second Litecoin, but in the long run there are still traders who insist on being bullish above the cost price. Traders deeply analyzed the problem of insufficient liquidity faced by on-chain options and believed that the traditional order book model is not suitable for the on-chain environment. They proposed an AMM option solution based on the transformation of UniswapV3.