Intraday further decline, the short orders laid out yesterday were stopped out. Based on the current situation, there is potential for further downside in the evening. Intraday did not provide obvious long-side volume expansion and rebound. In the evening, wait for the short-side volume to complete before continuing to look for entry points on the upside. What was lost yesterday can be recovered today.

From a technical structure perspective, the four-hour support has been broken. A clear downtrend channel has formed, and the prolonged sustained decline has not seen a counterattack. The next support level may form a brand new position, otherwise it may need to go down to around 1900 to find support. Currently, the daily MACD is showing signs of forming a death cross.

Ethereum suggestion: Layout upside after short-side volume expansion. Aggressive traders can go short at higher levels #加密行情震荡