U.S. stocks opened high but fell low, with Bitcoin directly creating a significant level of resistance. The decline of the second cryptocurrency has exceeded the increase from yesterday. Ethereum's recent drop is still due to not stabilizing at resistance levels, which essentially is just raising the price to offload. Since this critical resistance has not held, from the perspective of the higher-level candlestick structure, the C wave is confirmed to be an illusion. This wave of market movement is characterized by a short-term W double bottom followed by rapid unloading after the rise (it has basically been confirmed as a significant deep adjustment). Now, the first support at the low point we refer to is around the previous round's starting point (around the 3300-3350 area). If the first support is effectively broken, the second support area is still around the 3100-3000 area. The above is the analytical thought process for the subsequent higher-level market, for your reference only. For more real-time strategies and free guidance, click on the avatar to follow the homepage profile, and feel free to exchange and learn together!