14:10

The current market has experienced a sharp decline over the past two days and is now in a consolidation phase. The consolidation range is between 2865 and 3000. Personally, I believe that unless it stabilizes above 3000, it may continue to consolidate or even decline further. Breaking through and stabilizing above 3000 could indicate a potential reversal.
At present, it is only suitable for short-term trading, not for a long-term position. Waiting for a clear structure to emerge is also an option. This market is suitable for short and ultra-short-term trading; normal technical analysis has limited significance.
Ethereum's current small range is between 2910 and 2970, with wide oscillations, while Bitcoin is between 86000 and 88000, allowing for range trading.
As shown in the chart below, there are only two points to watch: one is near the 3000 level, where a breakout followed by a pullback could be a buy signal; the other is a drop below 2865, which warrants caution and observation for now. From a technical perspective, it has reached a trend support level, and there is still a possibility of moving upward, so don’t be too pessimistic.
In the past two days, I have been reflecting. Although I don’t know if it’s useful, I have reflected countless times. I think sticking to swing and short-term trading is best. After all, going through this wave has been truly exhausting—holding positions is exhausting, profit retracement is exhausting, and taking losses is exhausting. It’s basically a form of torment. To be honest, it’s because my self-discipline and skills are lacking.
Starting next Monday, I will begin live streaming short-term trades with small stop-losses. I want to push through and have a good year.
This is just my personal opinion and for reference only.