Intraday further downside exploration; the short positions laid out yesterday were stopped out. Based on the current situation, there's potential for further downside exploration in the evening. Intraday hasn't provided obvious bullish volume rebound. In the evening, after bearish volume completes, continue looking for long entry positions. We can make back today what we lost yesterday.

From a technical structure perspective, the 4-hour support has been broken. Forming a clear downtrend channel, the prolonged continuous decline hasn't been met with a reversal. The next support level may form at a completely new position, otherwise it may need to go down to around 1900 to find support. Currently on the daily timeframe, MACD is showing signs of forming a death cross.

Ethereum recommendation: Layout long positions after bearish volume completes. Aggressive traders can watch for shorting at highs #加密行情震荡