At the moment when the market for $BTC takes a sharp turn, account balances shrink, and fear spreads like a tide—this is the most severe test of a trader's mindset. Some panic and cut losses to exit, ultimately falling into the darkness before dawn; others calm down, review and analyze, quietly waiting for the right moment amidst the volatility. The market never shows mercy to emotional trading; it only rewards rationality and restraint. A true trader is not one who is free from fear, but one who knows how to anchor a clear course amidst the waves of fear.

The price movement of Ethereum last night was a microcosm of this test: after reaching a high of 3859, it faced pressure and fell back, touching a low of 3720, currently consolidating around 3760. From a technical perspective, the upper resistance levels to watch are the 3800-3820 range and the previous high area of 3850-3860, while the lower support levels are the 3720-3700 range and the key level at 3650. In terms of indicators, the 4-hour MACD has formed a death cross, and the RSI has retreated to the neutral zone at 52; if the price falls below the middle band of the Bollinger Bands at 3780 and cannot quickly recover, it may further test lower levels.

With the release of the US PPI data tonight, caution is advised for potential sudden volatility, and it is recommended to strictly control positions. Overall, this pullback is a normal technical correction; as long as the 3700 level holds, the medium-term upward trend is expected to continue.

Ethereum recommendation: In the short term, it is advisable to buy low and sell high in the 3760-3800 range, and if it breaks above 3800, look towards 3850; if it falls below 3700, be cautious of a test of the 3650 support level. #Strategy增持比特币