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① If the rebound fails to materialize now and does not rise above the 3570 line, there is still a significant probability it could rebound. However, this rebound may only be a minor one with limited upward movement; it's up to you to decide whether to seize the opportunity. The effective rebound position should be around the 3530 line.

② Where will this round of significant adjustment go? What can we expect? There are two positions, and I am not sure which one it will be. One is around the 3520 line, and the other is around the 3460 line. I do not expect it to go much deeper. Additionally, note that the 3460 line is precisely where Ethereum has a recent gap in the CME futures. The next major gap position is around the 3080 line; personally, I believe this position will take several months of grinding to reach, so don’t fantasize about it in the short term.

③ If the current movement is a rebound, breaking through the 3650 line will look towards the 3690 line. At that time, the effective pressure range will be 【3690-3700】. If the price encounters resistance and falls back at the 3650 line, then it will look down to the 3570 line.