Good evening everyone, I am Xin Ya. There haven't been any significant changes in the market over the weekend. During the day, the market first touched 66500, bounced to 68200, and then retreated. After all, it's the weekend, and the overall volatility isn't large. When it fell to 67500, the selling pressure was amplified. This shows that this position has become a point of expectation for short sellers to enter. The previous expectation was that if the rebound did not break 68500, a re-test challenging the 65800 central level would become a consensus.

Looking at the hourly candlestick chart, from ten to twelve, three one-hour candlesticks formed a bearish cannon, and six consecutive one-hour bullish candlesticks were followed by three bearish candlesticks which pushed it down again. One of the main viewpoints we provided yesterday mentioned that if the market breaks below the 65800 central level, it would challenge 62800. It is clear that the shorts entering at 67500 are moving towards this expectation.

The current hourly ema120 and 144 have merged around 68600, while the four-hour ema144 is around 69000. The testing and rebound during the day are a confrontation from the bulls, which show signs of stabilizing indicators. The market will reach a time for directional choice. Our viewpoint remains unchanged. Within the range, we primarily handle matters in favor of the bulls. The short-term entry points we provided at 66800 and 1940 should offer several opportunities for profits in the future market.

The following market can be fine-tuned; holding cash around 66500 can allow for buying, with a conservative approach for buying at the 65800 central level. There will be multiple tests above. Let's focus on the vicinity of 68200. The previously upgraded central four-hour level is not so easily broken. Given that various ema moving averages in the one-hour, four-hour, and fifteen-minute ranges are all close to the price above. Many people tend to be overly pessimistic, which can make it easy to miss opportunities.

The volatility of Ethereum is slightly urgent, moving downward aggressively compared to Bitcoin, which may give seasoned operators a feeling of needing to escape a round. However, there is no rush; in a coin market with an average leverage of a hundred times, even a few points in Ethereum can turn a small position. If the high-frequency fluctuations continue, liquidity will be quantitatively eroded. The space for movement on both sides of the formation is limited, and if a spike downward occurs, the space below is small, which might lead to a decent bounce as seen a few days ago. Key levels to watch below are 1905, and above are 1958, 1986, and 2032. The priority for a rebound in structure is to favor the bulls.

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