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$ETHFI is sliding down in the one-hour timeframe, and the four-hour timeframe is not backing down either. The larger and smaller cycles seem to have held a strategy meeting in advance, charging down together. With such a coordinated trend, the long positions here hardly have any breathing room.
At present, the bearish camp is in high spirits. If there is more volume to assist, directly kicking open the key support level, can it drop by 10 points? The market can sometimes be like a bicycle without brakes, collapsing suddenly without giving you a chance to buffer. While the long positions are still hesitating whether to take the plunge, the bears may have already set up to harvest below.