The market has indeed been volatile today, and waking up to check the charts, I could feel that sense of suppression.

【Risk Warning】 First, let's talk about FLOW. The project's wallet was found to have abnormal activity on the chain, with 29 million tokens leaving. There is no official explanation yet. What is behind this—security vulnerability or other reasons—is still uncertain. But this serves as a reminder: friends holding small-cap tokens need to stay vigilant for on-chain movements, especially large wallet transfers. Don’t wait until liquidity dries up to realize there’s a problem.

【Technical Resistance】 The situation with ETH is more straightforward. The 1-hour K-line shows clear signs of a pullback, with market rumors that large funds are dumping at the $2900 level, with a scale reaching around $500 million. This price point should have been a strong support for the bulls, but it now seems to be struggling. In the short term, the bulls are indeed under considerable pressure.

【Key Change】 Looking at BTC, the 3-day MACD has shown a golden cross signal. This usually indicates that upward momentum is building. If Bitcoin can maintain its current strength, it might break away from Ethereum’s volatility and move independently. This could trigger a chain reaction affecting the overall market risk appetite.

The choices currently facing investors are quite practical: whether to use the pullback to convert altcoin positions into Bitcoin and bet on BTC’s upward potential, or to position for a rebound at ETH’s current level. Share your thoughts in the comments.