Where will Ethereum go after breaking the level? Is the new week the start of a new round of decline or a rebound? Is the drop of Bitcoin to 10,000 points good or bad? When to add positions is a question everyone is concerned about. After entering the market, it has been a continuous decline. Last week, I advised everyone not to add positions, as it wasn't the time to do so, and informed that Ethereum breaking below the key level of 3560 requires reducing positions in advance to avoid larger drawdowns.
Position management is particularly important, and choosing the right benchmarks is even more crucial. Even in such a market, my private domain spot trading is still profitable. After Ethereum breaks the trend, support is around 3200, and a spike may reach around 3150. When Ethereum reaches this position, it will be the time to add positions.
Bitcoin has seen a decline from 122,000 to 112,000, with a nearly 10,000 point pullback. This must be a good thing; after the drop, there will be greater opportunities this year. A continuous rise breaking new highs and starting to pull back towards 130,000 may signify the beginning of a bear market.
History may be similar but will not repeat. Do not respond to new market trends with old thinking. What you have earned is yours. The scenario of a decline that began in December last year is still fresh in my mind; each rebound will only be an opportunity for you to escape at the peak.