Last night I mentioned to everyone that the resistance for Ethereum is around 4630. Ethereum peaked at 4632 and then began to pull back, which is quite considerate. Those who bought above 4380 have already taken profits. I entered a short position when I saw it near 4510, with a stop-loss at 4615.
Overall, the rebound of altcoins is quite weak, and it is still not the time to add positions. Coupled with the downward trend of Ethereum, altcoins are even more difficult. Please pay more attention to SOL around 180, as it is gradually strengthening, with support around 189.
Bitcoin has fallen back after touching the resistance around 112000, following Ethereum. Support has returned to around 111000. If this level cannot hold, it is very likely to drop to the 107000 level we mentioned a few days ago.
No matter how difficult or bleak the market is, there will always be people making money. If you can't make money, either your method is wrong or your direction is wrong. When you keep making mistakes, don't get too worked up; stop and reflect to summarize, and you will gain something different.
