Let's talk about $eth>>

①Linked trend. If it breaks the 3830 line, look for the 3890 line. But the question arises, can it break the 3830 line with today's poor performance? I don't think so. Some believe that this current wave of decline may be a washout, and after the wash, it will shoot up directly. But I think this wave of decline is just a decline, and the rebound is merely a rebound; it probably won't form an uptrend or effectively break the 3830 line.

②Why has it developed this way, instead of continuing to oscillate upwards or even reaching new highs? First, there is a need for adjustment; the higher it goes, the harder it becomes. While it's not particularly obvious, the adjustments that happen along the way are not decided by us, but by the big players. From our perspective as retail investors, we can only see that the intensity of the adjustments is not high and is relatively limited. Secondly, $btc is not showing a strong upward trend. If it were strong enough, it should have gone up yesterday. It shouldn't still be oscillating downwards at this point.

③The main pressure point above is at the 3800 line, which is also a position where it is easy to encounter resistance and fall back down. If it breaks through and stabilizes here, it will basically follow the rhythm of 3800—3830—3890, and at that time, it might be a bit painful. After all, my current view remains the former.