If the four-hour chart forms a double top structure today, it can create a second leg structure on the daily chart. In the past two days, a lot of people have FOMOed again, and in a couple of days, they will likely get trapped. Moreover, everyone is ignoring the ETH/BTC exchange rate, so why short Ethereum if you have to short something??

It has expanded into a daily level decline, the principle is that it cannot return to the previous central area of the daily level (100k-110k), otherwise the trend will continue. The current trend is very similar to early June this year; after the decline, a double top (or second sell) is needed before a significant drop to complete the daily level correction. Looking forward to the market in September.