Last night's news led to a short-term three-wave rebound.
The overall trend of the day presented a door-like movement.
The weekend rebound came as expected. For those looking to reduce their positions for risk aversion, you can refer to the positions in Chart 1 and Chart 2.
The big pie dropped from 108 to 922, with an overall decline of up to 14%, which has already met 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 am more inclined to believe that there will be further adjustments, one must also maintain a respectful attitude towards the market. The big pie has entered the decline range of 13%~33%, which is the buying range I mentioned earlier.
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 are confident, sometimes taking the initiative to enter a position may be better than missing out.
If you look at the weekly and monthly charts, the current downward adjustment is the last chance for the main force to get you on board. Please cherish the present moment.
Short-term trading suggestion: Long on the big pie around 967-970, targeting around 980-985.
Long on Ethereum around 343-345, targeting around 348-352.