2023.10.10 Endure the loneliness and keep the prosperity. Yesterday’s market drop was due to the Ethereum Foundation’s selling. The pie’s drop of more than 2% was still within the shock range. Ethereum's highest drop yesterday was more than 5%, which was the reason why the copycat collapsed. The trend of the pie has been said before that it will fluctuate widely in a high range, but yesterday's decline ate up the highest and lowest points of the shock, causing panic in the market. Let’s talk about Ether. The performance of Ether in this round of market is weaker than that of the big pie. Coupled with yesterday’s big negative line, it is even worse. From the market point of view, there is almost no rebound in this round of decline. The typical rebound is weak. This It is caused by market sentiment. The incident of the Ethereum Foundation's shipment is a normal thing in the market. It is inevitable that it will affect the short-term price. However, it does not mean that there is any problem with the foundation or old Ethereum, so the continuation of the panic is not would be too big. From the perspective of the market, it takes a process for Ethereum to reverse. I think its outbreak will wait for the sudden Cancun upgrade. It is precisely because there are too many people staring at this good news, so the bookmakers will also have various The method is to grind the market mentality and get rid of the people on the bus, so we cannot expect the strength of ether in the short term. Technical daily line: maintain the previous view unchanged, bearish to the 2w line and the four-hour line: the war may lead to an overall rise, up to the 28500 line and then to 2680015 minutes: up to the 28500 line Operation plan: continue to hold short orders, Wait and see. The short-selling liquidation price is controlled above 32,000
