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This afternoon, I carefully observed the Ethereum price chart. At first glance, it seems to show a trend similar to a Sif pattern, but upon closer inspection, it does not fully conform to the standard model, and the various values do not completely match either. Given this uncertainty, I choose to remain on the sidelines and suggest that other investors also hold off on increasing their positions.
As expected, the market quickly started to decline. Currently, I tend to believe that Ethereum and Solana still have opportunities for accumulation at lower levels. In contrast, Bitcoin has not yet broken through its range and may present shorting opportunities.
It is worth noting that the cryptocurrency market is ever-changing, and investment decisions need to consider multiple factors comprehensively. In the current market environment, accurately grasping the timing of entry and risk control is particularly important. For mainstream tokens like Ethereum and Solana, positioning at low levels may yield good returns, but at the same time, one must be wary of potential downside risks.
As for Bitcoin, although it is currently in a range-bound state, as the leader of the market, its trend often influences the entire cryptocurrency ecosystem. Therefore, when considering shorting Bitcoin, it is necessary to be particularly cautious and closely monitor market movements and macroeconomic conditions.
Overall, the current market situation is complex, and investors should remain rational, conduct thorough technical analysis and fundamental research, and develop investment strategies that suit them. Whether it's buying on dips or shorting, there needs to be a clear stop-loss strategy to cope with market uncertainties.