Yesterday, the market first fluctuated and then declined, reaching a low of around 1118. Subsequently, from 5 to 7 AM, it gradually rebounded on the hourly K-line level, and has now risen to the 1124 position. From an overall structural perspective, the market has not broken the existing upward channel, and the 4-hour level is near the upper boundary of a downward channel, indicating a trend that may open up upward space. Therefore, a low long strategy can be prioritized at this time. Specific entry points to consider are: one is near yesterday's low at 1118 (or expressed as the 1117 - 1118 range), and the other is at the intraday pullback to 1120, both of which are suitable as references for entering low long positions.

Looking at Ethereum's trend, it is currently in a clear downward channel and is showing a "downward fluctuating three-wave" pattern, with the third wave not yet fully manifested. A new K-line has just formed on the hourly level, and the current price is at the middle band of the Bollinger Bands, clearly suppressed by the middle band (which may be related to the newly formed K-line and the fact that momentum has not yet fully released). Moving forward, it is essential to closely observe the shape changes of this hourly K-line:

• If the K-line turns from red to green, this is an opportunity to set up a long position, with the upper resistance level to watch at 4598, and the take profit can be set at this point;

• If the price touches 4598 and then retreats under pressure, the strategy should be adjusted in a timely manner, setting the stop loss at 4600 and lowering the take profit target to the middle band of the Bollinger Bands to respond to the short-term fluctuations at the hourly level.

Trading, true calm comes from inner peace, which is unrelated to right or wrong, but rather a sufficient belief in oneself, remaining composed when the timing is right, not being pessimistic when facing losses, and continuously self-correcting. This is more about instinct than feeling; when observing a certain market, one understands how to build a position. It is akin to driving: pressing the brake, steering, watching the road, and focusing ahead—there is no so-called order of operations, no so-called thinking, but rather an instinctive reaction, and trading is the same.

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Go with the trend, and do not act blindly!**

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