On Tuesday, the market continued to maintain a fluctuating adjustment situation. From midnight to afternoon, a wave of fluctuating adjustment structure was formed, but it did not break the morning high of 95415. In the evening, it officially entered a horizontal adjustment phase, with a fluctuation range of less than a thousand points. The profit points for both long and short positions are limited, but the cumulative effect is significant. Ethereum, on the other hand, formed a fluctuating upward structure during the day, reaching a high of 1842 in the evening before testing a bottom at 1800 without success, and subsequently entered a horizontal adjustment.
Currently, from an overall structural perspective, the market is in a typical correction phase. The upper high has been under pressure for a long time, and the rebound is severely obstructed, with the correction being heavily suppressed. However, the support below is strong, and multiple breaks have not led to continuation, leaving no opportunity for further declines, while the short-term fluctuation adjustment is also solidifying a stable bottom.
As the market is in a technical correction phase, it is still accumulating momentum for future trends. After yesterday's daily line closed with a gain, it did not provide much room for a pullback, and the overall trend remains within an upward channel.
Currently, after briefly returning above 95000, it did not linger too long and, failing to stabilize, has entered a range of fluctuations. In the early hours, it is advisable to buy high and sell low within a short-term range, with a potential break of 500 points in space. The range of 1850-1800 for Ethereum is a reasonable layout.