$ETH Evening Thoughts: Bitcoin is looking down! Where's that arrogant, smug demeanor from a few days ago? He can't keep going! So, whether in life or work, being low-key never hurts. Here's a message for everyone: Things change over time, and no one can stay poor forever, nor can anyone stay rich forever. When you're rich, be humble and don't show off. When you're short, work hard and don't dwell on trivial matters—that's not what you should be thinking about. But I'm getting off topic. 👅 Chart: Bitcoin's hourly triangle has been breached, and it hasn't rebounded past 3741. Since it can't rebound, let it continue to fall! It'll be fine once it reaches its target. If it breaks below 3600, look at the yellow arrow on the right. Bitcoin's rises are step-by-step, and its declines are also step-by-step, so no one loses out. Moreover, the price of the second-largest coin has been hitting new lows with no sign of stopping. The lower boundary of the triangle is now acting as resistance for the second-largest coin. Only when it breaks through the lower boundary will the second-largest coin have a chance to challenge the support-resistance trade-off at 3741. It couldn't break below 3741 before, and now that it has, it will be very difficult to break back above it. 👅 If the price of the second-largest coin breaks through 3631 on a large volume basis, go long on the right side. If it breaks below 3612 on a large volume basis, go short on the right side. Pay attention to changes in volume and set a stop-loss. If the price of the second-largest coin breaks through 3639 on the hourly chart and stabilizes, it could see upward movement towards 3671-3704. If it breaks below 3575 on the 4-hour chart, it could see downward movement towards 3525-3480. A break below 3575 below 3480 will be seen soon. Continuing to look at the chart: The price of the second-largest coin has almost reached its limit on the hourly chart, having already fallen to the Fibonacci 1:1 ratio. Common sense suggests a drop to the Fibonacci 1:1 level should trigger a consolidation phase. However, it seems the price is poised to test the 1.618 level, or 3437. If it reaches 3437, the price will still drop by nearly $200 from its current level, so be prepared. The non-farm payroll data is due to be released tonight at 8:30 PM, and tomorrow is Saturday. It looks like this Saturday and Sunday won't be quiet either. Adjourned. $ETH #USTariffs {future}(ETHUSDT)
ETH
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