ETH has played out the anticipated bearish scenario as expected, and Chenye had earlier warned that the rebound was just a trap to lure longs. All moving averages are suppressing price action, overhead selling pressure is heavy, and bulls are unable to hold key levels, with a volume breakout triggering a cascade of long liquidations. The price action is completely in line with our forecast, locking in the bearish direction ahead of time and capturing this downward profit. Once the trend weakens, do not blindly buy the dip; shorting with the trend is the prudent choice. #Gate股票转仓功能上线