Brothers, the morning session is openly given to everyone. The idea of first pulling and then pushing is very smooth. The current price of the secondary market is around 4240, directly pulling up $70, and the teaching chain has once again verified the Silk Road.

The downward trend continues, waiting for the turning point to appear! Brothers, yesterday we saw another drop, forming a pattern of two bearish days sandwiching one bullish day, with the lowest point reaching around 111940, but quickly recovering. Currently, the previous broken support remains valid. Many brothers are looking at the M-top, but have you considered that 100000-112000 is the area where it was maintained for two months, the main profit and capital accumulation position? If that range is broken, it means that the previous large investors, main forces, and companies that entered the market loudly will be trapped. They pulled up the market, lifting the burden for retail investors. Of course, there is also a possibility of that, but the opinion here is that there is a greater likelihood of moving within a range. Of course, there could also be a phenomenon of spike, brothers need to pay attention to defensive settings, otherwise, it is easy to be knocked out. The key point is at 10 PM tonight with Old Bao's speech!!! Whether it will continue to break down or rebound from the bottom, this is the catalyst!
Yesterday, our thought process was to first go short then long, from 114500 short to 112000, and from about 4340 for Ethereum short to around 4200. Those who followed along should have gained quite a bit. Unlike yesterday's first short, the spring has been compressed to the limit, and there will be a rebound. Today, brothers can try the strategy of going long after shorting. Of course, here the long position is for counter-trend trading, if you’ve made gains, you can run first.
Currently, Ethereum is forming a flag pattern at the bottom on the hourly level, with support at around 4200. A rebound can also be attempted.
Go long around 4240, target 4320.
Go long around 112500, supplement 120000, target 138000.
High short strategy, rebound to 114500-114800 without breaking, Ethereum 4350-4360 without breaking, directly short.