In the morning, the price comparison directly reached the 101516 line with a spike, and then it gradually recovered, peaking at the 114829 line. Unfortunately, it did not continue to rise but stopped at this position, and then it faced downward pressure again, hitting a low of 110987. The trend of Ethereum was similar, with a spike to 3400 in the morning, then recovering and stopping at 3980, facing downward pressure again with a low of 3725. In the morning, Lao Chen accurately made predictions and provided a direct short idea at 114500 on the real-time chart. The market cooperated very well, directly reaching 110500, capturing nearly 4000 points of space. Ethereum was the same, giving a direct short at 3920, then reaching 3750 and suggesting to exit, capturing 170 points of space. This is how it works when you grasp the rhythm correctly and have the right strategy; it becomes very easy.

From the current market situation, the daily level of Ethereum has formed a trend of five consecutive declines. This morning, it further dropped and closed with a bearish candle, generally maintaining our bearish expectation for this week. After a short-term rebound, it faced pressure around the 114800 line and oscillated downwards towards the lower band. As the daily line continues to close lower and weaken, there is potential for further movement towards the lower band and wide range lower band, which is at the bottom. The 4-hour level is in a weak descending trend with step-like oscillations, and the short cycle continues to weaken. In today's short-term operations, if the 114500 and 114000 levels cannot stabilize, then there will be further acceleration and expansion of the weakness in the 4-hour step pattern. Yesterday was a slow decline, and today is a volume-driven drop, so there will likely be some continuation afterwards.

On Saturday afternoon, the big pancake can be shorted at 112000-112500, with the target focusing on 110000.

Ethereum can be shorted at 3820-3800, with the target focusing on 3700. $BTC