Brothers, $ETH may be experiencing sideways movement now. I mentioned to the people in the group that it is very likely to retrace to around 3930 or 3920. If you haven't opened a position, don't do it. If you want to open one, make sure to set a stop loss! You must set a stop loss!

Next, we will see if the new round can break through this strong support level. If it can't break through, we will still look for a rebound. If it does break through this level, we can consider a retracement. No matter if you currently have a long or short position, you must set a stop loss.

For those who haven't followed Meng, please give Meng a follow. As long as there is a good direction and good points, I will share them in a timely manner.