Today, the overall market of ETH collapsed. BTC reached a high of around 64,000 and a low of around 61,900, with a drop of more than 2,000 points. At present, the liquidity and demand of the market are very low. A small amount of chips can smash a big negative line. The overall market sentiment is low, and short-term operations are difficult. It is not advisable to chase ups and downs easily.

The intraday US stock futures fluctuated little, and the currency circle fell independently. After the weekend's pull-up, the main force of Ethereum chose to smash the market today. There were differences in the expectations of Ethereum in the future market, which led to the decline of the entire market. However, the big cake is still above the key support. There is no need to be too pessimistic for the time being. Focus on the trend of US stocks in the evening to observe whether it can lead to a rebound in the big cake. The current liquidity of the market only requires a small amount of funds to pull the market, which depends entirely on the will of the main force.

From a technical point of view, there is not much room for operation at present. From 67,000 After the decline, it continues to be weak and downward. Any entry at present is on the left side, so it is necessary to bear the corresponding risks. The current problem of the market is the continuous supply of Grayscale, coupled with the lack of demand, which gives people a feeling of lifelessness. The key area below is still the 60,000-62,000 range, the last line of defense for bulls. Once it effectively falls below 60,000, the space below is too large, and the bulls will be annihilated and no one can make money. I personally think that the support here at 620,000 has a certain effect. If it continues to go down, the main force will also cut losses and smash the market.

In terms of points, the short-term support below is 62,000 60,000

The short-term resistance above is 64,000 67,000

In terms of operation, according to our low-absorption strategy yesterday, we have entered the market near 62,400. The focus is on whether it effectively falls below 62,000. After it effectively falls below, we will no longer consider going long in the short term. We will continue to enter the market after we regain 62,000. Risk control is the priority