First, let's state the conclusion:

① In the pullback adjustment, the target position is around 113400. If it breaks below 113400, then look at 112700. If it can't hold 112700, then we will continue to make new lows, and at that time, the price is likely to drop to around 110800. Trust me, if there's an opportunity at 110800, then it's a go! However, for now, I'm not looking at that; I will first see a maximum of 112700 if the adjustment is deep enough. If it's shallower, then it will be around 113400. As for whether it will stop falling above 113400 and then rebound? I don't think so.

② Is the rebound still a sell? If my premise is that I at least expect the price to reach 113400, then the rebound will naturally be to find a position to short. If the price reaches 113400, I need to be a bit cautious when shorting. Just one thing to note: only when the price breaks back above 114700 will this small level adjustment possibly end. Therefore, 114700 can be used as a reference point for bearish defense.

③ The key short-term pressure level above is [114300-114500]. Because this adjustment started last night and has been ongoing until now, so if you're shorting, it's recommended to do so on the right side. #币安HODLer空投TOWNS #币安Alpha上新 #以太坊ETF连续12周净流入 #加密市场反弹