Reviewing $ETH with everyone
Actually, when I analyzed on the 12th, I had already marked the three key pullback levels and mentioned in the group that you could buy in batches.
The market started to decline due to last night's CPI data. Today, Ethereum dropped to around 2315 at its lowest, and altcoins fared even worse.
At this point, there might be a short-term rebound, but don't think a rebound means the bottom is in.
The weekly structure hasn't fully improved yet; what I'm more focused on next is the second level around 2000.
I also said on Monday that I remain somewhat bullish on the overall trend, and the year-end market is worth looking forward to. But before that, the market may still undergo a relatively deep correction.
Look around, many old altcoins have already reached weekly resistance levels. If they really want to break through, they definitely need to digest some selling pressure in between; they can't keep rising nonstop.
Plus, the capital flow and $BTC's trend still need to be observed, so there's no need to rush now.
This drop was completely expected. Be cautious in the short term, but no need to panic in the mid to long term.
If it really falls to key levels, just watch how the market moves and consider building positions in batches. The key $BTC level to watch is around 75,000-76,000.
Keep some position reserved; don't panic when it falls, and don't chase every rebound. Keep some funds on hand so you have the initiative when opportunities come.
#BTC现货ETF再度净流出，机构买盘能否回暖？
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