Someone asked me what I believe in, and I said I only believe in time. Because in this world, only time does not lie, only time can prove everything, what is true and what is false. For example, when observing people, do not look with your eyes, as it is easy to be misled; do not listen with your ears, because they are all lies. Only use time and your heart to feel; the truth cannot be disguised, and the false cannot become true. Therefore, my favorite saying is: time will leave behind the truest people.

Two days have passed, and the market seems to have not undergone fundamental changes, currently still operating around 94,000. Saturday was similar to the previous weekend's market, with small fluctuations and no trending market. From an operational perspective, this is relatively friendly for those doing ultra-short-term trading. We made it clear on Friday that under the current high-level fluctuations, chasing long positions and laying out high short positions does not offer the best risk-reward ratio. We suggested a high short position at 95,500 with low leverage, which is currently held. Due to previous short positions, there are inconsistencies in holdings, but the main focus remains on maintaining low leverage high shorts, waiting for a pullback to appear before making further arrangements based on actual trends.

On the daily chart, yesterday closed with a small bearish candle at a high position, still standing above the short-term MA7 and long-term MA120 moving averages. From a structural perspective, the current strong trend has not changed. In terms of technical indicators, the MACD is oscillating at a high level, with a contraction in the bullish volume bars. Whether a daily-level pullback repair cycle will begin is still a bit early; the RSI is still in the overbought zone with slight signs of turning. In terms of chip distribution, shorts have provided liquidity near 96,500 during the oscillation period, while the short-term bulls are mainly located in the 91,000-92,000 area. According to the market, it is considering the motivation for liquidating certain parts of liquidity, and there should be some action trends tonight and in the early morning.

The four-hour chart clearly shows that within the expected technical structure for a decline, it has consistently struggled to produce a strong downward movement. It is also important to note that when the high point of 95,750 was refreshed on Friday, it was a strong upward performance that emerged from the bearish expectations, preventing the divergence pattern from materializing. In the short term, after reaching a high, it has begun to oscillate with slight pullbacks, and it is currently unable to determine the next trend, so attention should first be paid to the support at 93,000.

In terms of operations, holding the low leverage short position at 95,500 is currently unnecessary to adjust, with a small profit. If the bearish trend continues, consider operating in the 90,000-91,000 area.

Ethereum is currently around 1,800, with the previous rebound peaking around 1,857. Our plan is to lay out low leverage short positions near 1,860, and if opportunities arise later, we will consider operations.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and market changes in real-time may lead to delayed information. Specific operations should be based on real-time strategies. Feel free to contact us for market discussions.】

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