1770 chase $ETH long positions—if it drops 120 points already, are you starting to doubt life? Don’t panic. Bai Yue will give you a diagnosis: see whether this trade still has a chance.

First, let’s cool you off with the news: the sell-off in tech stocks has spread into the crypto market. The ETH/BTC exchange rate has run down to 0.027—clearly showing that money is moving away and running toward BTC as a safe haven. The ETF is still seeing net outflows, and market sentiment is at an ice-cold low. But remember one thing: at the extreme point of panic, an inflection point is often hidden there.

On the technicals for 1 hour: from 1551, there was a violent push up to 1651—an “V” reversal has formed. But RSI at 74.5 is quickly approaching overbought territory, and short-term bullish momentum has been overdrawn. Resistance is at 1680–1700 above; the first support is at 1613–1620 below. The daily chart is still being pressured inside a descending channel, and the bottom hasn’t confirmed yet—don’t rush to add positions just to bet on a reversal.

Smart money is even more ruthless: the on-chain liquidation map shows that if ETH breaks down through 1520, the liquidation intensity of CEX long positions will explode. That means under the “big players,” there’s still a pile of uncut “retail leverage.” This bounce is likely mostly short-covering, not a reversal—another sell-off could sweep through and pick up liquidity again at any moment.

Bai Yue shows you a clear way forward: brothers who chased longs at 1770, don’t stubbornly hold on. On the rebound from 1680–1700, reduce positions to lower cost. If it truly breaks below 1613, accept the loss and run. The ultimate line of defense below is 1550–1580.

‍#BTC下探60000美元关键关口 #USD1链上质押享年化9.48%