Full-scale crash market analysis: Causes of the decline + current practical strategies, explained in one article

1. First, break down the core triggers of this collective sharp drop: Tensions in the US-Iran situation have escalated again, conflicts have intensified, and international crude oil prices surged significantly, directly dragging down the US stock market and the cryptocurrency market simultaneously. However, there is no need to worry about this decline at all — we had already exited at the top and locked in profits at high levels. Many people are now most concerned: Can we enter and bottom-fish in the current market?

2. Clear conclusion: You can gradually bottom-fish in batches. Previously, we exited all positions at ETH 1830 and SOL 83. Theoretically, as long as the market falls below our selling prices, there is profit potential when buying back on dips. But bottom-fishing cannot be done blindly. Consistent with the logic of decisively exiting at resistance levels earlier, bottom-fishing also requires waiting for key support levels before positioning. Below are the core support ranges for the two major cryptocurrencies:

3. ETH strategy: Key support levels are 1720 and 1660. Spot traders can gradually build positions above the support levels; contract traders can lightly long for a rebound once the price touches support. Previously, support at 1720 triggered a round of rebound. This time, when playing contracts again, do not use heavy positions, as geopolitical conflicts bring high risks and uncertainties; 1660 is a strong support level, and once it stabilizes, you can increase position size.

4. SOL strategy: Core support range is around 76-77 and 72. For spot, still use the idea of buying in batches on dips. We not only cleared all positions at the high of 83 but also placed short orders. This deep pullback was completely within expectations, and the pace of the trend was smoother than expected, giving us a perfect opportunity to buy back at low levels!