In view of the increasingly significant correction trend in the current Bitcoin market, Ethereum has not been immune. Although there has been a certain compensatory increase, its trend is gradually converging, indicating an increased possibility of a correction. The support level of Ethereum is considered to be near 2590, while the pressure level is located near 2690. It is expected that its price may form a shock trend near 2650 after a correction.
Regarding the operation of WIF, we previously carried out a cover-up operation near 1.48, and then successfully implemented a position reduction operation near 1.66. Since the upward trend remained strong after the reduction, we did not rush to update the position of covering the position, but chose to retain part of the position to pursue greater potential gains.
However, given that both Bitcoin and Ethereum currently have callback needs, we should follow the market trend and consider reducing positions again near 1.75 to lock in some profits and reduce the risk of holding positions. At the same time, we have initially set two replenishment positions: the first replenishment position is tentatively set at around 1.67, and the second replenishment position is tentatively set at a lower near 1.61 to cope with possible further corrections.
For future operations after covering positions, we will tentatively set the position to be reduced above 1.8. The specific position to be reduced will be flexibly decided based on changes in market trends and investor sentiment. Such strategies aim to better control costs while maximizing revenue potential.