The large pie at dawn also directly broke down to around 89200. Our bearish outlook from yesterday has come to fruition, with a decline providing a profit space of nearly 5000 points. Subsequently, it stabilized at the bottom and is currently rising to around 94200. This wave of ups and downs has approached a space of nearly 10000 points. The long positions we set up in the early morning have also captured a space of nearly 3000 points, with the current price now around 94400.
From the current market situation, the bullish momentum is still relatively strong, with the coin price continuously pulling up and the price at a high point being refreshed. The strong structure is already very obvious, so it is essential to follow the trend at this time. Currently, a V-shaped reversal has formed on the 4-hour chart, but the rebound has not completely regained lost ground. Therefore, it can only be viewed as a correction after the decline. In terms of operations, continue to maintain a low long strategy!
Large Pie Strategy: Long around 93800-93500, target 95500
Ethereum Strategy: Long around 3100-3120, target 3200