The big cake really can't be said to be too sensitive 😂, a drop of 7,000 points in 3 days! Damn it.

That knockoff is even harder to look at.

📉

A couple of days ago, Ethereum rushed to 5,000 in one breath, this round of market movements has been extremely harsh with its ups and downs. I can only say that just when I was about to pull up, it dropped immediately after! Just 5 minutes ago, my position was floating with a profit of 70%, and the next second it was a floating loss. It's really thrilling! You just have to keep your mindset. #加密市场回调

Fortunately, I had warned about the risks earlier, and this round still made a small profit, which is okay.

I heard that ancient whales sold BTC to exchange for ETH and participated in staking, which was a bit unexpected. Over 500,000 ETH staked, more than most ETH treasury companies, this operational style is exceptionally aggressive. Many big players have shifted from Bitcoin to Ethereum!

Looking at the market, the daily K-line has recovered the previous day's large gain, undoubtedly, it has undergone a daily-level correction! Currently, it has just reached the 110,000 mark. The K-line chart shows that we are approaching the starting point of the rise to 120,000 starting on the 7.9 date, which can be considered a key position for this support and resistance exchange. (It has already dropped below the neck line, and the downside risk is quite high, so we need to confirm the subsequent daily closing situation.)

So currently, the 4-hour level has already dropped below 110,000, we need to pay attention to another drop below 110,000 during the day. The daily line has dropped to the lower track; I refer to the support at the weekly level's mid-track here (1083-1078).

Therefore, for the time being, I do not consider going long; for short-term longs, I suggest not to enter unless it reaches support.

The 1-hour line is currently experiencing a weak rebound, and it's about to hit around 112,000. At that time, we can consider looking at 109150#比特币 .