Remember: the "iron bottom" you firmly believe in may be a slaughterhouse meticulously arranged by the big players, and the "crash" you fear is often just a trick of the main force's violent washout. When all communities shout "go all in", the smart money has already quietly left the market. The most ironic thing is that novices look for the wealth code in candlesticks, while veterans interpret the human nature map in candlesticks, and experts have long seen through this as merely a brutal psychological battle. At this moment, as you stare at the market, have you ever thought about whether you are in control of the candlesticks, or if the candlesticks have already taken control of your heartbeat? In the afternoon, the big pancake failed to hold the 120,000 mark, instead quickly falling below the key support at 118,500, dipping to a low of 118,345 before weakly bouncing back to around 119,100. This wave of adjustment has directly pierced our preset long position defense level, indicating that the market's short-term bullish momentum is exhausted, and the bears are starting to dominate.

From a technical perspective, a top divergence structure has formed on the 4-hour level, with the MACD fast and slow lines crossing downwards at a high position, and the KDJ indicator rebounding weakly after entering the oversold area. Once the 118,500 support is broken, it has turned into short-term resistance. If the price cannot stabilize at this position again, it may further dip into the 117,000-116,500 range. Current market sentiment has clearly turned cold, and one must be wary of the main force taking the opportunity to conduct a deep washout.

Operational Suggestions

Aggressive traders can try short positions in the range of 119,000-119,500 with light positions, setting a stop loss above 120,200, and targeting 117,500-117,000. If the rebound fails to break 118,500, consider adding to short positions. Bulls should remain cautious and wait for stabilization signals in the 116,500-117,000 range before considering entry. #ETH突破3600 $BTC

The market is always right; missing opportunities is always better than stubbornly holding onto losses. The current market uncertainty has increased, so it is advised to strictly control positions and wait for clearer trend signals.