Market Review:

In the article on the 22nd, we mentioned whether Ethereum would directly rise, which requires attention to the breakthrough at the 4280 level. Only a strong breakthrough would lead to a short-term refresh of the high points; otherwise, it would only refresh the low points. After a week of movement, Ethereum has indeed rebounded to the 4250 level before starting to decline. It has now successfully refreshed the previous low points and is moving towards lower targets.

Market Analysis:

A question many people are pondering right now is whether the bull market has ended. Are we entering a long bear market cycle? In fact, there is no need to panic excessively. Based on the current market situation, there will definitely be further declines, and the low point from the 11th is likely to be refreshed. After all, everyone knows the principle of "no break, no stand." Personally, I see the low point refreshing to around 3400 before moving upward again. Therefore, in the upcoming trades, I will primarily focus on short positions, taking every rebound as an opportunity to short, while placing long positions close to the low point for attempts. As for the position of the long-short conversion, we should still look at the breakout situation in the 4250-4300 range.

Of course, the above judgment is purely personal opinion, and I urge everyone to approach it rationally.

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