In the afternoon, a wave of Long Wick Candle in the market was both within and beyond Lao Wang's expectations. Within expectations means that he knew there would be a fall and had predicted it in advance for everyone to plan ahead; beyond expectations means that Lao Wang didn't expect it to drop so sharply. Over here, Lao Wang also made some small profits during this strong downturn, and later he took the opposite position to chase a bit of the continuation, and managed to secure some gains.

Looking at the evening market, the coin price has fallen to the lower Bollinger band on the 4-hour chart. This strong decline has broken through support levels without showing an effective rebound. From a technical perspective, this decline is likely to continue, with BTC very likely to drop to around the 118000 level, while ETH needs to pay attention to the defense at the 4200 level below. The current coin price point is not ideal for establishing a long position. For friends who want to short, Lao Wang suggests lightly shorting ETH to see if it can break below the 4280-4300 range. If it can effectively break below, we can expect a continuation. In terms of strategy, Lao Wang's bullish side should start to exert pressure, focusing on low long positions around the strong support level below. Aggressive friends can consider taking short positions for a quick profit and then prepare to catch the rebound.

Operation Suggestions:
Bitcoin 108000-108500 range, look at 110000, defend 500 points.
Ethereum 4230-4270 is a watch, looking at 4350, just defend 30 points. #Gate 2025全球秋季校园招聘启动 #ETH走势分析 #Solana财库公司崛起 #Gate Alpha空投CELB #美商务部拟上链发布经济数据