ETH 240 minutes, the low point in the early morning was broken, which is a positive signal for bears. Next, attention should be paid to the continuity of the subsequent decline; only with continuous declines can short positions have space. If the European trading session moves sideways, there may be a possibility of a reversal in the evening U.S. session, which is relatively common in a volatile market. This point should be noted.

Here are several key levels to pay attention to: the first is 2590, which is not only the starting and ending point of the last night's U.S. session but also the current middle track position, which can be used to distinguish between extremely weak and volatile market conditions; the second is 2475, a position for trend reversal, marking the boundary between strong and weak trends; the third is the lower point of 2315, where the strategy of selling on highs remains unchanged.

In terms of operations, it is recommended to short around 2470~2475, with a target of 2350~2315. It is important to note that once ETH price falls below 2315, it will immediately accelerate the decline to around 2250. A long position can be considered around 2315~2320, with a target of 2360~2380.

BTC also mainly focuses on short positions, shorting around 103500~103800, with a target looking down to 3000~4000 dollars.