ETH was strong yesterday, but still got hit last night, all fell below the daily 60 moving average. Let's see if it can struggle for the next couple of days or start to accelerate. The upper pressure is at 3400;
Currently, the market has broken down a bit. If it follows a downward wave 3, it should take about 5-7 days, but let's see. First, it needs to come out of the acceleration phase. The main market and altcoins both feel like they are one wave short;
Squirrel PNUT should not be chased for now. If you've already chased it, just observe for a while. There are big players supporting the market, so it shouldn't drop too much. After it drops, you can add to your position; the rebound should also be strong;
If it accelerates downward, some strong altcoins may hit their targets early, follow a downward wave 3 or wave 5, and then consolidate, which is a good opportunity to bottom out. PNUT will be a key focus later;
