Is a major correction coming? Which coins can lead to wealth when bottom-fishing?
First, let's talk about ETH. If you're aggressive, you can look at the support around 2540 to catch a rebound. However, a more stable entry point is just above the previous low of 2400, around 2420, aiming for 2600. But once it breaks below the 2400 support, everyone should be cautious, as it would drop to even lower lows, indicating the bullish trend has come to an end and a deeper correction is needed.
As for smaller coins, Pepe has formed a double top, with support around the neckline at 0.128. It's safer to catch a rebound here. I wouldn't touch coins like PNUT, Neiro, and Moodeng because they have risen too much recently, and there's a significant profit-taking pressure, which may take longer to digest.
The smaller coins with better value are WIF and Turbo, as these two have been consolidating for 3 weeks after their previous rise, and the profit-taking has mostly been digested. They are definitely lighter than coins like Moodeng or Neiro, so let's see if there's a decent correction to ambush some.
As for ultra-short-term trades, we took advantage of the tax benefits on Monday to temporarily escape the top, and then on Tuesday, we promptly announced the positive CPI results at 8:30 AM, leading the community to trade live, causing ETH and various coins to soar. Those who were unaware of the CPI results even didn't understand why there was a rise the previous night. So this is the information gap~