Market has successfully taken profit. My upcoming view is that the current market sentiment is extremely panic-driven, which creates conditions for a technical rebound. There is a large amount of long liquidity stop-loss at ETH 2750 and 85000, and many trapped positions at 2920 and 88000. From an institutional perspective, they might exploit this extreme panic sentiment to break below 2750, then oscillate to absorb liquidity and accumulate more longs.

Short position suggestions:
First scenario: Trading must follow the trend. Currently, observe the response at the supply zone around 2920. If clear bearish signals appear, you can continue to short towards 2750.
Second scenario: If the market breaks directly below 2750, #市场触底了吗？ , chasing shorts is definitely not advisable. Wait for a rebound to a key resistance level to continue shorting.

Long position suggestions: The market is in a clear low position, but there are no obvious long signals. Currently, only sentiment and oversold conditions are present, with no bottom signals. However, there is a possibility of forming a double bottom or head and shoulders bottom. The main focus is on the 2750 level. If one forcibly enters longs at this level, only 2% of the initial position should be taken. Add to the position at 2730, with a stop loss at 2610. (Just a suggestion.) Mainly observe the 2750 level. #市场触底了吗？ #ETH走势分析