Good afternoon, XDM. Today, it seems like all major groups are in lamentation, various jokes are being made again. I actually hinted at the risks on August 11. Although it wasn't the highest point on the 11th, it surged to higher points on the daily and weekly levels, forming a resonant divergence signal, and then started to decline. Bitcoin has dropped nearly 10,000 points in the past two days, with a decline of about 8%. Currently, there are no signs of stabilization. Let's look for support around 110,000 (which coincidentally is the dual support of the daily EMA and weekly MA20; a good rebound should occur here).

As for Ethereum, $eth needs to be stronger than Bitcoin. Support is around 4,000 (previous triple top position + 4-hour Vegas support; if support and resistance switch, the rebound will be stronger than Bitcoin).

During a significant decline, remember to choose the leading coins to buy in batches. This means during this round of Bitcoin's new highs, look for some eye-catching altcoins. For example: $link, $ena, $uni, $sui, etc. Just look at the 24-hour trading volume; those with larger volumes and leading positions in their respective sectors can be bought freely.