I. Current Market Conditions ETH is currently trading at approximately 2,683.76 USDT (up slightly by +0.01% over 24h). After recently retreating from the high of 2,805.87, it is currently in a high-level oscillating correction phase. II. Technical Indicators (EMA Moving Averages) · EMA24 (2,687): The price has marginally fallen below this line, indicating weakening short-term momentum, with bulls and bears competing around this level. · EMA52 (2,630): The price remains above it, forming a key dynamic support level in the medium term. · EMA99 (2,568): Well below the current price, indicating that the long-term bullish trend remains unchanged. The moving averages are arranged bullishly, but EMA24 has flattened, indicating that the short term has entered a correction. III. Candlestick Pattern and Support/Resistance · Resistance: The first resistance above is at 2,700-2,730, with strong resistance at 2,805. · Support: The first support below is at 2,630 (EMA52), with strong support at 2,570 (EMA99). The current candlestick has a lower shadow, indicating that bearish momentum has slowed after the sharp decline, with bulls and bears temporarily balanced. IV. Order Book Sentiment The order book shows buyers accounting for 55.18% and sellers 44.82%. The slightly stronger willingness of bulls to buy provides some support for the price. V. Overall Assessment and Strategy Assessment: ETH is in a 4-hour correction phase, with a bullish outlook over the medium to long term. In the short term, it will likely fluctuate within the 2,630 - 2,730 range. Strategy Recommendations (for reference only): 1. Go long: Wait for a bottoming signal near 2,630 after a pullback and cautiously enter a long position, with a stop-loss below 2,600; or go long with the trend after a high-volume breakout above 2,700. 2. Go short: If the rebound is blocked at 2,720-2,750, consider a short-term short position targeting 2,630; if 2,630 breaks, look toward 2,570. 3. Wait and see: The price is currently in a dense moving-average area and the direction is unclear. It is recommended to wait for a breakout above 2,700 or a break below 2,630 before trading with the trend. Risk warning: The crypto market is highly volatile. Please set stop-losses strictly and control your position size.$ETH $BTC ‌$ETH ‌

Tomorrow is the Mid-Autumn Festival. I’d like to wish everyone a happy Mid-Autumn Festival in advance, and remember to spend more time with your families during the holiday. I’ll also be taking tomorrow off, and will continue updating everyone on the market next Monday. The broader market suddenly pulled back last night as the market began pricing in uncertainty surrounding the situation in the Middle East again. Although the US and Iran communicated for several hours, no substantive breakthrough was achieved for now, and the issue surrounding the Strait of Hormuz has not truly been resolved either. Market sentiment was affected, and while the broader market corrected, a batch of long positions was also liquidated, with many altcoins seeing even more pronounced declines. However, I don’t think this pullback is necessarily entirely a bad thing. BTC previously surged rapidly from over 70,000 to over 80,000, meaning the pace of the rise itself was quite fast, and a considerable number of long positions had accumulated below. If it kept rising without a pullback, it could instead leave behind greater risks later. Moreover, many people who had missed the earlier move and had not dared to chase the highs still had no good entry points. Therefore, a proper pullback that clears out some leveraged longs may actually help the market move more steadily later on. At present, I still maintain my bullish view on the broader market’s overall direction. Although BTC has fallen back below 85000, it is still too early to conclude that a bottom has formed, as no particularly clear strong support has appeared in the short term. Today, I believe the market will most likely remain range-bound. Next, there are mainly two scenarios to watch: First, the market gradually stabilizes after retesting lower levels, forms new support, and then looks for opportunities to enter long positions and build spot positions in batches; Second, support fails and the market makes another downward move, producing a “door-drawing” market move and clearing out another round of longs that recently chased the rally. Therefore, there is no need to rush to guess the bottom at this stage. If trading futures, continue to focus mainly on intraday long/short trades and swing trades today, manage position sizes carefully, and follow the market only after a clear direction truly emerges. BTC: First watch the previous low; if it breaks, focus on around 82500. ETH: Likewise, first watch the previous low; if it breaks, focus on around 2570. SOL: First watch the previous low; if it breaks, focus on around 110. For spot positions, my view remains the same as before: as long as the overall direction has not changed, a pullback is more comfortable than chasing highs. If a clear downward move occurs and support can subsequently be confirmed, it would instead be an opportunity worth closely watching for phased entries. Finally, once again, I wish everyone a happy Mid-Autumn Festival in advance. Spend more time with your families during the holiday. There will always be market opportunities, but family is what matters most. $BTC $ETH $SOL ‌ ‌ ‌

Last update before the Mid-Autumn Festival: BTC falls below $85k—is this pullback a risk or an opportunity?