After the news last night landed, there was a short-term three-wave rebound.
Overall, it presented a door-like trend during the day.
The weekend rebound has arrived as expected. For those looking to reduce positions for risk aversion, you can refer to the positions in Chart 1 and Chart 2.
The large coin dropped from 108 to 922, with an overall decline of up to 14%, already meeting my previously mentioned minimum requirement of 13%. This means that if the main force wants to return to an upward trend, they can act at any time.
Although I tend to think there will be further adjustments, one must also maintain a respectful attitude towards the market. The large coin has entered a decline of 13%~33%, which I previously mentioned as the buying range.
During the trading process, do not think about buying at the lowest point, as this will only put you in a state of missing out. If you have confidence, sometimes actively entering a position may be better than missing the opportunity.
If you look at the weekly and monthly charts, the current decline and pullback is the last opportunity for the main force to get you on board, so cherish the present.
Short-term trading suggestions: Go long on the large coin around 967-970, targeting 980-985.
Go long on Ethereum around 343-345, targeting 348-352.