Yesterday's video and live broadcast discussed the trend of BTC (Figure 2), and last night's spike undoubtedly continued the short-term bearish trend of BTC on the one-hour chart. I believe BTC, as I mentioned in yesterday's video, has not yet reached the recent low.
With this premise, let's look at ETH. I checked ETH this morning and drew it using wave theory (Figure 1). On the daily chart, points a and b did not diverge, and AB is a central level of the same degree. It still needs to drop once to form point c and then reverse. In other words, we need a high volume movement to establish a downward trend, and before that, it may continue to decline.
In our live broadcast yesterday, ETH's price was around 2436. We used Fibonacci and order book liquidity to determine that we could buy at around 2370 in the short term. Our subsequent movement showed that ETH's one-hour closing price just reached 2370. (Real-time analysis during the live broadcast) (Figure 3)