So who is real and who is fake? 🤣

The suspension of tariff collection is only a short-term benefit, and once the benefit is digested, it will fall. Last night, it surged to around the strong resistance level of 83,000 in one breath, and it is unlikely to break through here easily; even if it does, it won't hold. The characteristic of a rapid surge itself is that it is not easy to stabilize; to stabilize, it needs to remain strong without falling for 48 hours, otherwise the rebound will not have continuity, and without continuity, it does not meet the conditions for a trend reversal. If it wants to move upwards in the future, it first needs to retest the 80,000-78,000 range and establish a bottom at 79,000-78,000.

In the morning, ETH retested around 1,601 and rebounded to 1,626 with narrow fluctuations. If it breaks below 1,600, it will first reach around 1,572, then 1,536, and subsequently 1,502. If it is to move towards the 1,750-1,880 direction, it must hold above 1,500. 1,750 is the 0.618 retracement level of the major pullback, and it is also a key shorting point. 1,880 is the high point of the 1st and 2nd daily lines' pullback, which belongs to the ceiling in the short term. Therefore, it is not recommended to chase after the rise above 1,600; upward movement indicates a high short position. Don't think that the bulls have returned just because of this sudden surge; it's merely a rebound.