Waiting for the ETH bulls to be liquidated. The current downward trend is due to long positions above 3200 slowly stopping out. The bearish trend is becoming more apparent. Waiting for an opportunity—once the long positions in the 2400-2600 range start to liquidate in a waterfall decline, there will be a significant liquidity gap. That will be our chance for a rebound of several hundred points. The candlestick needs to be repaired, and market maker quotes won't be easily given to us. With a large market cap and sufficient liquidity, we can only gradually sell off; otherwise, all the fish will have already escaped.
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Waiting for the ETH bulls to be liquidated. The current downward trend is due to long positions above 3200 slowly stopping out. The bearish trend is becoming more apparent. Waiting for an opportunity—once the long positions in the 2400-2600 range start to liquidate in a waterfall decline, there will be a significant liquidity gap. That will be our chance for a rebound of several hundred points. The candlestick needs to be repaired, and market maker quotes won't be easily given to us. With a large market cap and sufficient liquidity, we can only gradually sell off; otherwise, all the fish will have already escaped.