On Friday, US stocks closed lower, with MSTR dropping 6.23%. Today's focus is mainly on recovery, and since it's the weekend, we will have to wait for Monday and Tuesday to see if the rebound continues. ETH retraced last night to around 3480 at the 0.618 level, currently experiencing a pullback on the 15 and 30-minute charts, with targets at 3550-3576-3598.

ETH: Currently, ETH is climbing above the zero line on the 5-minute chart, experiencing a pullback on the 15 and 30-minute charts, with the 1-hour MACD crossing zero and curving upward (not falling below the zero line). The 2-hour MACD is opening downward but has indicated a stop-loss signal, with support around 3480. Now, we only need to pay attention to the direction of the 4-hour death cross. Defend at 3472, and if it breaks, we should look to bottom out at 3444-3378. So, to be safe, if the cost is around 3580, reduce half the position at a pullback to 3580-3596. Once the rebound surpasses 3626, the risk will be mitigated and it can be chased directly. If the liquidation is still far away and the position is not large, there’s no need to reduce the position; if there’s a chance to retrace lower, continue to add to the position.

Last night's pullback was the first significant adjustment of the week, a technical retracement. The daily trend remains strong, and pullbacks are opportunities for low buys.

3674-3365 = 309

309*0.382 = 118.038

309*0.5 = 154.5

309*0.618 = 190.962

3674-118 = 3,556

3674-154 = 3,520

3674-190 = 3,484

Retracement at 0.382: 3556

Retracement at 0.50: 3520

Retracement at 0.618: 3484 (current support)