Yesterday, the market experienced a brief FOMO sentiment, with many chasing Ethereum and altcoins, and the market may face a phase of correction. #山寨季來了？

The market is like this; when it's tough, never go against the wind to short. Instead, follow the trend, and when it becomes weak in a couple of days, that's when it's right to short. If you want to short, the loss is almost there; there will always be a correction that will pull back the profits from long positions, and while it rises slowly, it falls quickly.

Similarly, starting from today, there's no need to rush into long positions during the correction. Retail investors are eager to go long today; let's wait on our time frame until these retail investors' longs get hit, then we can get in.

I still recommend entering at the 2-hour position below, consistent with the views from the past few days, a phase correction washing out.

Support levels below are 111500 to 110500

Resistance levels above are 122400 to 123400