$ETH $ETH Review the morning, after the big pie pulled back to around 87500, it gave some rebound repair.

After the Federal Reserve's interest rate cut policy was implemented, the market entered a phase of digesting good news. BTC and ETH showed significant corrections after yesterday's surge, exhibiting characteristics of technical breakdowns combined with profit-taking during the day. Although the short-term structure has weakened, the medium to long-term support logic has not changed. BTC's daily line has continuously closed in the red, forming a downward trend, and the 4-hour level shows a bearish arrangement. However, after breaking the key position of 3300, the market's support strength seems insufficient; on the other hand, institutional ETFs are still maintaining a net inflow of funds, and the macro easing environment has not changed. The current fluctuation is more inclined to a chip cleaning process. In summary, the morning will temporarily adopt a bearish oscillation operation mindset, avoiding blind short chasing, and it is recommended to focus on signs of stabilization in key support areas. If a breakdown is confirmed, one can follow the trend.

Operation to lay out short positions at highs, with a focus on the breaking situation at the 88000 integer level below.