Market Review:

The sharp decline last Friday made many people realize that the primary prerequisite for making a profit in the cryptocurrency space is to stay alive, and the basic condition for survival is to be responsible for oneself and for every order placed.

Returning to the market, I mentioned on Saturday that the current decline has basically come to an end, and what follows is a period of consolidation and recovery before entering the next upward trend. As of now, the recognized cryptocurrencies in the market have shown decent upward corrections. Bitcoin has corrected to around 116,000, and Ethereum has corrected above 4,200. Overall, the recovery has been good, with both indicators and prices returning to a normal level. However, since this is a correction, a strong one-sided trend is unlikely to occur. As of the time of writing, Bitcoin is quoted at around 114,416, and Ethereum is quoted at around 4,107.

Market Analysis:

In the 4-hour chart of Ethereum, we can see that the market has corrected above 4,000, falling within a normal range of market fluctuations, and has nearly flattened out the space of the decline on the evening of the 11th. This indirectly proves that the market has not turned bearish but is merely undergoing a normal cleansing of news and fundamentals. Regarding the upcoming market, I believe that the adjustment phase of the correction will not end so quickly; the market needs to undergo some adjustments before it can truly move upward. After all, the upcoming upward movement of Ethereum will definitely need to attempt to refresh its high points. As for the market indicators, the current market is under pressure from the 60 and 90 moving averages, the MACD fast and slow lines are currently operating below the zero axis, and the volume bars are starting to weaken. Therefore, there is a possibility of another downward correction. For the upcoming operations on Ethereum, I am optimistic about starting to go short around 4,250, with a downward target of approximately 3,950, and then beginning a new round of upward movement. So, for those who want to trade, you can place orders around 4,250, set a stop-loss, and wait for the market to validate our strategy.

Trading Suggestions:

Go short at around 4,250, with a stop-loss above 4,320, and a target of 3,950--3,850.

I will not express any views on other cryptocurrencies, as I will focus my trading in the cryptocurrency space on Ethereum. Like-minded friends can communicate with me: Love_2025fa (VX).

Author's Note:

As always, trading has no absolute right or wrong; analysis is merely a pre-judgment. The key is to find real-time opportunities based on market changes. Everyone's viewpoint cannot be the same. If you have your own judgment, please trust it. If you choose to follow someone, then follow them to the end. This is personal advice and for reference only!

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