Is there a discussion group on Chuanlun?

The position adjustment will be sent out tomorrow, as $ETH has already reached the take-profit point of 4100 mentioned in the position adjustment. Some people have asked me if they can still hold, so I’ll explain a bit first.

1. From the perspective of the Chai Theory structure, all levels are no longer diverging. Additionally, the weekly level has strongly broken through the large-scale triangular convergence, so the current upward movement at the 4-hour level should reach 4700 to fulfill the increase. Personally, I set a take-profit at 4200 which I have not canceled, and I have already exited with profit (and it indeed met my expectations). For those who haven't taken profit, you can hold on a bit longer.

2. For those who haven't entered the market, it will be a long wait. You need to wait for this upward movement at the 4-hour level to finish (from 8.15 to 8.20), and then wait for a downward movement at the daily level, with good opportunities only appearing at the beginning of September (if lucky, there might be a pullback to around 3600).

3. In this round of the bull market, Ethereum should at least reach around 6200, but how high it can go will depend on how it progresses step by step. Those holding Ethereum in spot should definitely not be impatient.