Last night, the US stock market opened with a significant drop. Lao Wang mentioned that seeing 86000 would be conservative, and the price directly plummeted to around 85000 at 2:30 AM, touching the bottom before a slight rebound. Overall, after a rise in the morning session, the price has been consolidating between 89000-90000. In the evening, a US stock market opening triggered market volatility, leading to a direct drop of nearly 5000 points...

From the current market perspective, the rebound and repair after the US stock market close is not strong and has not followed the script mentioned by Lao Wang yesterday. The overall market situation is still not very good, and the price is likely to continue to break new lows. During the day, we can wait for a rebound recovery before planning for a high short position.

For BTC, we need to pay attention to the breakthrough situation at 87000 and the drop below 85000. If it breaks down, we will have to look down to 83600 here.

ETH follows BTC's trend, and focusing on shorting around the 3000 position should not be a big problem. Our target can be set around 2850.

Still the same saying, everyone should analyze the specific market conditions, set stop losses before planning, and take profits promptly when there is room for profit! $ETH #ETH走势分析