$ETH Evening Thoughts:
The second pie didn't really want to rise, just hesitating.
The big pie's drop is equivalent to sending a signal to the second pie: you drop for me, drop hard, and if anything goes wrong, I'll take responsibility. So this time, the second pie surely has to fall.
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Talking through the chart: Looking at the yellow arrow pointing to these 3 needles in the hourly chart of the second pie, if the needle circled in white breaks below the lows of the previous two needles, then it’s completely over.
No higher highs, only lower lows—how can there be any good? A rally needs funds, but a crash can be completed with just a click to sell. When everyone thinks it's just a pullback, the risk is not far away. A decline will not hit the bottom in one go; there will also be rebounds during the decline, repeatedly testing until a big drop happens.
For the second pie, break through 2488 with volume and chase long to catch the rebound; break below 2475 with volume and chase short. Pay attention to changes in volume and set stop losses properly.
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If the second pie can break 2500 and stabilize, then look up to 2525-2549. If it can't stabilize above 2500, how can we look up?
On the 4-hour level, if 2470 breaks down, look down to 2435-2383.
Continuing to look at the chart: This lower boundary of the box in the hourly chart of the second pie has been broken. If it cannot return to run within the box, then it's very likely to seek support around 2300. Pay attention to the opening of the US stock market tonight to see if it can save the market. If the US stock market leads the drop, then it will crash together—end of meeting.