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Brother Chen has just said the key thing: a hidden bearish divergence and a double bottom neckline are appearing at the same time—this combination is not common on the technical charts.
Brother Chen is watching ETH (Ethereum) at the 1848 level. He says it is the neckline of a double bottom structure, and it is currently being tested.
The logic is clear: as long as 1848 doesn’t break, it’s hard for another heavy sell-off to continue, and you can still expect a rebound; if it breaks the bottom, things become hard to predict. And on the 4-hour timeframe, a clear hidden bearish divergence signal has also appeared—two bullish signals overlapping at the same level.
Whether 1848 can hold or not will be decided over the next two days.