Hainan's closure has finally been implemented. This news has been discussed for years. Yesterday, on December 18th, Hainan officially began its closure. It seems that the intention is to turn Hainan into a new economic zone, a window for openness to the outside world, similar to Hong Kong.

The core idea is 'opening the first line, controlling the second line, and allowing freedom within the island.' Due to the legacy issues of the inland economic model, many things cannot be carried out inland. Therefore, by opening this window in Hainan, those who like to stir things up can go there to play. However, whether the Web3 industry can operate in Hainan after the closure is still unknown. Looking at Hong Kong's openness to cryptocurrencies, Hainan still has a chance for similar openness.

Years ago, I heard that some universities in Hainan included Web3 courses, so after Hainan became independent, I personally believe it might have some impact on the cryptocurrency industry. However, as of now, there is no specific news; this is purely a personal speculation from someone in Web3.

Currently, after Hainan's closure, there will be a 30% reduction in import taxes of 100,000 yuan per person per year. This policy will definitely be more cost-effective for those purchasing overseas products.

Additionally, today Japan's interest rate hike has been completed. As for today's situation, the market impact has not been significant. The opening is similar to the previous days without any special market movements; the pins that need to be inserted are still being inserted. The only key point is insufficient liquidity. Small altcoin operators are pushing the price up for profit, and there are still some possibilities. However, I believe the market will rebound after this adjustment. Today during the day, I informed everyone to look for a 15-minute opportunity to go long with protection. Currently, this trade might result in a break-even loss. If the 1-hour line adjusts next, we can try again after a rebound. If this hourly line adjustment does not break the level, it will be the last opportunity for long positions. If it breaks, the market will enter the early bear market.

The market has been fluctuating these days, so always set a stop loss when opening a position; this pin has 'been inserted too aggressively.'

Currently, Ethereum is as shown in the picture, with the concentrated liquidation price between 2762 and 2777. If the market cannot rise tonight and goes into a correction, pay attention to this price level. The RSI and MACD on the hourly chart are about to cross and adjust, so be cautious when opening positions at this level.