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Let’s talk about Erbing.
The big cake has hit a new cycle low; Erbing is temporarily holding up, but the fundamentals remain weak.
The monthly chart has turned bearish, with capital continuing to flee. The liquidity below hasn’t been fully cleared. If it can’t hold 1600, things won’t get any better afterward.
For the intraday move: if it rebounds to 1600-1620, continue shorting, with a target of 1530-1500.
$ETH #日元跌至40年低点