Market Review:

Today's intraday market has almost no highlights. As of now, the biggest highlight is the afternoon market quickly rebounding by a hundred points after a dip to 3937. Aside from that, the market has mostly maintained a range of 3980 to 4050, and the overall trend aligns with what we mentioned this morning: Ethereum is currently in a triangular consolidation range. As the oscillation space becomes smaller, the market's fluctuations will also decrease. We are currently holding the long positions based on our morning analysis.

Market Analysis:

As of now, Ethereum continues to oscillate within the consolidation range. Although it has repeatedly dipped below the lower edge of the triangular range, it has successfully recovered each time. This also proves that the market does not wish to break down at this moment, or that the bulls are trying to defend this position. Therefore, in the battle between bulls and bears, I have chosen to side with the bulls, and I will continue to hold my long positions, ensuring my stop-loss is in place, and waiting for the market to provide me with answers. Unless there is a confirmed breakdown on the hourly level, I will not abandon my long positions. Of course, this is just my personal advice and should not be taken as investment advice; please approach it rationally.

Author's Note:

There are no absolute rights or wrongs in trading; analysis is merely a pre-judgment. The key lies in finding 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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