Block Horizon 1.12 market analysis:

The 0.618 target mentioned before has arrived, and the false breakthrough trend has emerged as expected. Friends who follow the short orders can take profit of half of their positions here.

The next point to focus on is 47000. If a false breakthrough occurs again near 47000, you can increase your position and go short. If you stand firm, you can take profits on all your original short positions.

The exchange rate of Ether against the pie is still rising. If the exchange rate can stabilize, the altcoins have the opportunity to continue to rise.