The main driving force of the current market is still Bitcoin. Ethereum and altcoins are mainly linked. Ethereum's intraday amplitude is not as large as Bitcoin. In the morning, the hourly level hit 2865, with a drop of 8%. The on-site contracts were basically swept again, and then linked to Bitcoin to rebound. It is now back above 3000 points, causing a double explosion of long and short positions. In the recent uncertain market, only spot can withstand it, and the short-term operation space is limited. Unlike Bitcoin, Ethereum has bottomed out for the second time. The daily level has not fallen below the previous low of 2850. If it can stabilize at 3100 points, it will be an opportunity for bulls to rebound. From the daily level, if the market wants to turn around, it needs more volume. At present, Ethereum is lagging behind too much, and EMA 10 is around 3160. If there is no more bad news, the market is expected to go through a wave of repair. You can pay attention to the opportunity of Ethereum and altcoins to make up for the rise. In terms of exchange rate, it fell slightly today and is currently running at around 0.048, indicating that in the current market, the market's first choice is still Bitcoin, after all, there is ETF Support, combined with the halving of Bitcoin, the most direct impact of the halving of Bitcoin is that liquidity will be reduced by 400 per day, which is definitely a positive in the medium and long term. We are still paying attention to the exchange rate at 0.05. We will consider going long on the exchange rate only when it starts to strengthen.

At the current point, the short-term focus below is 3000. After several retracements, demand has been formed below. The short-term resistance above is 3200 and 3400.

In terms of operation, Ethereum is still relatively weak at present. Wait for the market to stabilize before considering the opportunity to make up for the rise. If it can stabilize at 3100, then enter the market. Pay attention to 3020-3050 for low-absorption below. If it retracements, you can try to layout