The market swings between frenzy and despair, while you always manipulate the protractor at the peak of the amplitude. When both bulls and bears tear the candlestick into an electrocardiogram, you are engrossed in drawing the perfect golden ratio—like a sailor calibrating a compass in the eye of the typhoon, using an obsession for precision to counteract the world's tilt. Looking back at the morning market, Ethereum has shown a different trend from Bitcoin, with Bitcoin experiencing a steady decline while Ethereum is in a stair-step downtrend, with relatively small fluctuations. In contrast, Bitcoin has dropped over 3,000 points, while Ethereum has fluctuated nearly 100 points. Currently, Ethereum is around 2975.
Although Ethereum is weakening in sync, it shows strong resistance to declines, with the 2975 position testing key support on the daily ascending trend line. It is worth noting that the current decline exhibits a characteristic of diminishing volume and maintains a stair-step downtrend rather than a one-sided crash. In the short term, focus on the 2950 support zone; if it breaks down with increased volume, you can follow the trend to short. Conversely, if a long lower shadow appears signaling stabilization, one should be cautious of a potential rebound from overselling. In the differentiated market, Ethereum may become the leading indicator for a warming market sentiment. #CPI数据来袭 $ETH
Bitcoin strategy: Short near 117800, target 116000.
Ethereum strategy: Short near 3000, target 3030.