Today's emotions and funding situation are very similar to those of May 6th. Retail investors' contracts are fleeing, while the main players remain unmoved, causing panic among everyone.

It is possible that the main players are slowly offloading, but I think the probability of this is very low. It is worth noting that the main players of ETH have been making regular investments for the past two weeks without any signs of selling, and the ETH/BTC exchange rate has reached the middle track of the daily line, where the support is very strong.

As long as Ethereum does not fall below 2400, we still expect it to strengthen.

The adjustment range for Bitcoin will not be too deep, that is certain; it will be very difficult to see anything starting with 9.