Currently, the sentiment in the square and among many people seems to be quite bearish. I wonder if this panic is being deliberately created by the big players. I hope my persistence is the right approach.

From the market perspective, the second cryptocurrency has hit resistance around 4800, entering a consolidation phase in the first range, with insufficient upward momentum causing it to continue testing the second range. I've set a third range for the second cryptocurrency, which is between 4350 and 4150. Of course, what I hope for the most is that it can maintain fluctuations in the second range and then find an opportunity to break through resistance and continue climbing back to the first range.

If it breaks down to the third range, this is my stop-loss zone for the long position. If it really gets here, I might continue to add to my position until it breaks down. If it truly breaks down or fakes a breakdown that triggers my stop-loss, then I will really have to admit defeat.

The consolidation area is the one outlined in the regular chart, which is the oscillation zone. Support allows for upward movement, while breaking through would lead to the next range. As mentioned yesterday, a drop below 4450 would turn it into a resistance level, which is why 4450 has been unable to stabilize today.

So currently, we are watching for support around 3350. If it continues to drop tonight and goes into the third range, I think I would also start to panic. Luckily, my position isn't large; otherwise, I wouldn't choose to hold on. Because the four-hour EMA is indeed trending downwards, according to my short-term strategy and rational approach, I should also be looking to short on the rebound.

However, since many people have been blown out by shorting, I still maintain a certain level of fear towards shorting, so I am still inclined to go long. This is my summary of the recent situation for the second cryptocurrency; let's see how it develops moving forward. My current thought process is as follows.

Continuing to drive on the highway, going to play in the water in Andu, Guangxi tomorrow!!

Security Guardian strikes!!!