#ETH
Ethereum just mentioned on Wednesday that the exchange rate broke through, and then immediately received a bearish engulfing pattern, which started a waterfall decline.
First, starting with Bitcoin, I personally expect that as long as it breaks below 70700, I will consider the market starting to demand a correction. When SOL broke below 171 on Wednesday, I had already hedged to respond to this wave of correction. There are not many issues with SOL; rather, this altcoin remains consistently weak. So currently, I only see it as the completion of wave A. Tonight's rebound can temporarily be considered as wave B. I am currently observing whether there will be an extension of wave C. If a new low is made, then wave C will extend. The support around 2430 will be crucial, an extreme watershed. It will either be a strong rebound without making a new low, starting to look like a new wave pattern, or if it breaks lower, there may be an extreme crash. Currently holding short positions, will observe again after waking up.
