Similar to BTC, today there is a large amount of monthly ETH options contracts expiring. This condition increases daily volatility because whales and institutions are rebalancing their positions.$ETH $ETH

Market ups and downs are a normal part of the game. The euphoria of a surge never lasts, and the panic of a sharp drop is only temporary. It has never been a gamble, but a test of understanding and patience. Don't rush to cut losses on paper losses, and don't let greed cloud your judgment on paper gains. The market won't always move in your favor. Yesterday, BTC first rallied to a daily high of 6193, but after the breakout, the bullish momentum quickly faded. A large bearish candlestick directly dumped the price, deeply dipping to a low of 58030. After hitting 58030, it stabilized and rebounded with consecutive small bullish candles, climbing back to the 60000 resistance zone before retreating. The current price is 59785. ETH similarly surged to a daily high of 1660, then saw a concentrated release of bearish pressure, plummeting straight to a low of 1530. After that, the price slowly recovered from the lower Bollinger Band and now stands at 1569, slightly above the middle Bollinger Band. In yesterday's layout, a BTC short at 61708 was entered and exited at 58961, netting 2792 points. An ETH short at 1647 was entered and exited at 1550, netting 97 points. With the large-volume sell-off last night, the short-term uptrend has been completely destroyed. The current rise is just a minor recovery after the sharp drop, with shrinking volume. The 60000 resistance and the upper Bollinger Band form a dual pressure, and every attempt to push higher faces selling pressure. As long as the middle Bollinger Band support is broken, a new wave of decline will begin immediately, with the downside directly targeting the previous low area. ETH's volatility is larger, and its downward momentum will only be stronger than BTC's. Chasing longs now carries far more risk than reward. The overall outlook is bearish and range-bound. Wait patiently for lower levels to find opportunities, and don't go against the trend holding longs! Friday morning trading strategy: BTC short in the 61000-61200 range, target 58000 ETH short in the 1580-1590 range, target 1500

The overall crypto market is experiencing a risk-off trend. Institutional investors are observed to be withdrawing capital from Ethereum Spot ETF products due to the still tight interest rate policy of the US central bank (The Fed).$ETH