Good evening everyone, I am Jiang Xin. The recent market movements have been a suppression of the technical aspects, with precise attacks on Ethereum at 3080 and Bitcoin at 95800. Bitcoin dropped to around 89000 during the day, falling nearly seven thousand points in two days. Ethereum is holding up better, testing the support around 3100, with strong buying support below. The market has a consensus on the support and defense of Ethereum around 3100, and the overall inflow of Ethereum in the last twenty-four hours is positive.

In the past two days, as Bitcoin approached the lower levels, negative news has been frequent, and there has been technical suppression. Many large institutions have been liquidated, and people like Ma Ji have been forced out of the market. Many market makers are also on the sidelines. At this turning point, large funds are unwilling to enter and bear the pressure. However, one point to note is that whether it is Bitcoin, Ethereum, or Solana, all have precisely dropped to a ten-point decline from last month's black swan lowest point. This just happens to clear out those who had the most conservative adjustments and the worst expectations for the continuation of the bull market. The previous trend can be considered concluded.

The current divergence lies in whether the daily and weekly declines will continue or if there will be a rebound on the hourly or even four-hour charts. Regarding the future market, there is controversy; there are indeed many short-term opportunities. Ethereum is doing well, with consensus on support and bottom-fishing around 3100, and the divergence at the bottom is also evident, while Bitcoin faces indicator suppression. With so many large holders and various V-shaped traders being cleared out, it is impossible to say there is no panic. This cycle and turning point carry some risks. However, it does not affect trading back and forth during times of great divergence. It is recommended to defend around the 90000 and 3000 levels in the near term; your responsibility to the market will naturally bring you the market's feedback.

Today, I have been stabilizing everyone's mindset. The worst outcome now is just a small setback.

Still, the same saying: follow the giants. Good adjustments can often lead to a turnaround. Enter the market with confidence. WeChat public account: Jiang Xin on Chan.

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