1:30 PM

Yesterday, the strategy and direction given to everyone was that ETH has upward demand in the range of 2990-3010. Currently, reviewing the situation, it hasn't reached that level, and has fluctuated in a wide range around 2860-2980. Bitcoin has fluctuated in a wide range near 86200-88200. Now, looking at the market, there is still upward demand. The longer the consolidation lasts, the bigger the movement will be. Personally, I still stick to a low long strategy, defending Ethereum below 2850. Currently, I only hold Bitcoin until around 90,000, and will look for an opportunity to enter Ethereum again. If there is a chance to reach around 2880, I will enter then.
However, there are certain risks. As shown in the figure below, a double top structure has formed. It will take time to see whether it can develop into an M top structure. As long as it does not break below 2860 effectively, it's not a problem. When it reaches that point, I will definitely enter a long position, even if it means taking a loss.
Because the larger cycle has demand that rebounds to around 3010-40, I am temporarily considering a low long strategy until it reaches around 3000. Sometimes the situation can indeed be quite torturous.
The big pie remains the original viewpoint, with demand around 89200-92000. This is just my personal opinion for reference.