由于我公开呼吁ETH并于3月开始平均美元成本，因此今天的E Guardians终于发表了声音。

连续三个每日绿色蜡烛的浪潮没有给市场带来任何呼吸空间。目前有很多分歧，许多人认为现在是时候进行反弹而不是逆转了。其他人则称大牛市已经到来。

Major exchange platform tokens, such as Binance Token (BNB) and Huobi Token (HT), have generally broken through the 200-day moving average line. Usually, more newcomers will join the market during a bull market! Newcomers registering on exchanges is good for platform tokens, so before the bull market arrives, brokerages will pave the way by pushing up the coin price! Generally, there will be a rise in platform tokens before a bull market.

主要的交换平台令牌，例如二元代币（BNB）和Huobi代币（HT），通常在200天移动平均线上破坏了。通常，更多的新移民将在牛市上加入市场！在交易所注册的新移民非常适合平台令牌，因此在牛市到来之前，经纪人将通过提高硬币价格铺平道路！通常，在牛市之前，平台令牌会增加。

On-chain data shows that addresses holding over 10,000 ETH, which are usually defined as ‘whales,’ have been quietly carrying out large-scale strategic accumulation before this round of price surge; also, ETFs have shown continuous net inflows! Moreover, on May 10, a whale bought 138,511 ETH, which is valued at 297 million USD at the current price.

链上的数据显示，持有超过10,000个ETH的地址，通常被定义为“鲸鱼”，在这一轮价格上涨之前已经悄悄地进行了大规模的战略积累。另外，ETF显示了连续的净流入！此外，5月10日，一条鲸鱼以当前价格以2.97亿美元的价格购买了138,511 ETH，其价值为2.97亿美元。

Former U.S. President Trump has stated that BTC, ETH, and other valuable cryptocurrencies will become the core of the national strategic reserves. He has also explicitly expressed optimism about Bitcoin and Ethereum. Although there was a subsequent crash, the narrative remains, which is a positive for the long term!

美国前总统特朗普表示，BTC，ETH和其他有价值的加密货币将成为国家战略储备的核心。他还明确表达了对比特币和以太坊的乐观情绪。尽管随后发生了崩溃，但叙述仍然存在，这对长期来说是积极的！

In the past seven days, major exchanges have seen outflows, indicating a large amount of coins being bought up!

在过去的七天中，主要的交易所看到了流出，表明购买了大量硬币！

News is greater than all data and K-lines.

新闻大于所有数据和K线。

What is the essence of the previous crash and this round of increase?

以前的崩溃和这一轮增加的本质是什么？

Although there are no bearish reasons in the data and K-lines, this round of decline was caused by tariff issues leading to the US stock market dragging down Bitcoin. The new trade agreement between the UK and the US, as well as the China-US trade talks, are positive in terms of news, with the US stock market warming up, leading to rebounds in Bitcoin and Ethereum!

尽管数据和K线没有看跌的原因，但这一轮下降是由于关税问题导致美国股市拖延比特币引起的。英国与美国之间的新贸易协定以及中国美国的贸易谈判在新闻方面是积极的，美国股市的升温，导致比特币和以太坊的篮板！

Currently, since May 8, short positions have been liquidated at 830 million, far exceeding long positions, nearly eight times that of long positions. The sharp price increase has forced short sellers to buy ETH to cover their positions, further pushing up the coin price and forming a typical ‘short squeeze’ upward spiral.

目前，自5月8日以来，短职位已被清算为8.3亿，远远超过长位置，几乎是长位置的八倍。急剧上涨的价格迫使短卖家购买ETH以掩盖其头寸，进一步提高硬币价格并形成典型的“短挤压”螺旋形。

If you are like me, a guardian of E, holding your position is the best choice. If you have no position, it is indeed not a very good time to enter now!

如果您像我一样，是E的守护者，那么担任您的位置是最好的选择。如果您没有职位，那么现在就不是一个很好的时机！

This round of China-US trade talks is more likely to be an exchange of ‘mutual bottom probing.’ If progress goes smoothly, there is hope to set an agenda for the next stage. I think the first wave of negotiations will likely collapse, and at that time, it is highly probable that there will be a decline. When everyone experiences FOMO, it is possible that negative news will be released, leading to a drop and potentially causing a short squeeze!

这一轮中国贸易谈判更有可能是“相互探究”的交换。如果进展顺利，希望为下一阶段设定议程。我认为第一波谈判可能会崩溃，当时，很可能会下降。当每个人都遇到FOMO时，可能会发布负面消息，从而导致下降并可能导致短暂的挤压！

If you want to buy, waiting for that time to come in would be more appropriate!

如果您想购买，那么等待那个时间进来将更合适！

The more pessimistic view is that the current market does not yet have the characteristics of a bull market, and there is still a high probability of a 30% correction from the current level.

更悲观的观点是，当前市场尚未具有牛市的特征，并且仍然有很高的可能性从当前水平进行30％的纠正。

The more optimistic view is that the current market is already in a bull market, and although there will be fluctuations, the overall trend will continue upwards.

更乐观的观点是，当前市场已经处于牛市，尽管会发生波动，但总体趋势将继续向上。

Personally, I believe that the probability of a short-term pullback is relatively high, but it is an opportunity for those who have no position to enter the market. For those who already have a position, it would be best to calmly observe the market changes and adjust our investment strategy accordingly.

我个人认为，短期回调的可能性相对较高，但对于那些没有立场的人来说，这是一个机会。对于那些已经拥有职位的人，最好冷静地观察市场变化并相应地调整我们的投资策略。

It is important to note that investing in cryptocurrencies can be risky, and readers are advised to conduct their own research before making any investment decisions.

重要的是要注意，投资加密货币可能是有风险的，建议读者在做出任何投资决策之前进行自己的研究。