From yesterday's high of 4000 to around 3451 in the early morning, we need to pay attention to the fact that it is very likely to continue to test below 3500, and anyone trying to go long is likely to be trapped.

Currently, we need to focus on the two effective support levels of 3700 and 3680. If we test 3700 again but do not break below 3680, there may still be a turning point.

So tonight there is a high probability that we will continue the previous raid and take away another batch of brave souls trying to bottom fish. In the coming days, we need to determine whether we are entering a range-bound phase or a brief technical adjustment.

In a range-bound phase, both long and short positions can be operated, but the shrunk spot market can be a bit torturous. If it is a brief technical adjustment, then we can look for opportunities to buy on dips and continue to maintain a strong bullish mindset.

Try to reduce leverage to a controllable range to avoid being taken out by one or two counter-directional moves. #加密市场回调

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