Last night's decline was actually within expectations.
As mentioned before, this round of increase is essentially just a technical rebound after a decline, not a trend reversal.
The current market is still in a bearish phase,
far from the kind of environment in a bull market where "buying with closed eyes will still lead to gains."
Many people easily develop the illusion during a rebound, thinking that the market has returned,
but until the market structure strengthens, this kind of increase mostly just creates space for the bears.
So the next thought process is very clear:
Do not chase the highs during a rebound, focus on the structure, and wait for the resistance level to make a choice.
$ETH
As mentioned before, this round of increase is essentially just a technical rebound after a decline, not a trend reversal.
The current market is still in a bearish phase,
far from the kind of environment in a bull market where "buying with closed eyes will still lead to gains."
Many people easily develop the illusion during a rebound, thinking that the market has returned,
but until the market structure strengthens, this kind of increase mostly just creates space for the bears.
So the next thought process is very clear:
Do not chase the highs during a rebound, focus on the structure, and wait for the resistance level to make a choice.
$ETH