It is obvious that a W bottom has formed, and from the daily chart, the rebound strength has reached 18%, compared to the 16% rebound on October 12, which can basically be considered as having reached its peak. However, if we calculate based on the lowest pin position of 3355 (why do I remember the black swan dipped to 3100, was there a subsequent data modification?), it shows a 26% increase.

So currently, looking at it, bears have more advantage, but I won't blindly enter the market again; at most, I will enter a small position or wait until tonight when the entity breaks below 3100 to chase the shorts. If it stands strong, then we will see if it continues to break upwards tonight. If it fluctuates, we will just wait. Not taking positions will not get me shot; frequently opening positions will really lead to being taken away by $ETH

ETHUSDT

Perp

3,178.29

-1.09%

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