First, let's state the conclusion:

① Strong adjustment, much stronger than I expected, and it didn't even break below the 115700 level. Since it's a strong adjustment, once it's done, what should we do?

② Stabilize above the 118500 level and look towards the 120500 level. If there is an effective breakout above the 121400 level, we will directly look for a new high; as for the specific value, we'll discuss it later, probably tomorrow.

③ Can we chase the long position directly? Yes, but it's approaching a pressure point soon. It might be better to wait for a slight adjustment before rolling up our sleeves and going for it! The support level below is in the range of [118000-118200].

④ Will there be a false bullish signal? Currently, we are not considering a false bullish signal. #以太坊突破3700 #Chainbase上线币安 #MichaelSaylor暗示增持BTC