#加密市场回调
The big coin ultimately returned to the support level near 115,000 with a pin insertion, and then quickly rebounded, showing strong resilience, aligning with our initial predictions for the trend. As the market reached the 119,000 position, both the big coin and Ethereum began to stagnate, experiencing narrow fluctuations. Altcoins as a whole are relatively weak and can be easily affected by small declines in Ethereum, leading to significant downturns, with market confidence being fairly average.
Overall, the market appears somewhat sluggish; the current trend of the big coin is acceptable, but Ethereum is showing a double top divergence on the 4-hour chart, coupled with having entered the heavy pressure zone of 3940-4000 that has triggered alerts multiple times already, making the possibility of a pullback quite significant! Let's first analyze the pullback in two positions: we’ll see if the daily closing can hold above 3740. If it cannot hold, testing 3500 again will be highly probable! The big coin is similar; the previous low near 114,723 serves as an important support level, and if it fails to hold, the next target will be around 110,000!
On the news front, a large amount of Ethereum staking chips is starting to decompress back to exchanges, with expectations of selling pressure greatly increasing. On the 1st, China and the U.S. will continue negotiations regarding tariffs; one misstep could lead to more bearish news... The upcoming market may see further divergence, with the big coin being stronger and Ethereum weaker, but regardless, the larger market trend has not yet completed. After the adjustment of the big coin, the probability of new highs is not small, and the same goes for Ethereum. The process in between is bound to be quite tortuous, so everyone should prepare mentally!
