Good morning,

After reaching a new historical high, Bitcoin quickly dropped, creating a V-shaped rebound. Currently, both Ethereum and Bitcoin are in a daily adjustment phase, and the key question is whether Bitcoin has initiated a weekly level pullback.
The recent wave of the big pie's monthly line market started in April, meeting the demand for adjustment in terms of time and space. Currently, the main focus is on whether the daily line adjustment can be converted into a weekly level pullback to reach the monthly support. The short-term market on the 6-hour level for the big pie started its first wave of decline the day before yesterday. After a rebound yesterday during the day, it ran into the second wave of decline in the afternoon until early this morning. Currently, during the rebound process, it is expected that after the rebound, it will decline again. Only then can the first wave of the daily line be completed. Today's rebound pressure for Ethereum is mainly around 4510, with a downward target expected to be 200-250 points. In special circumstances, if the rebound continues to break through 4510, it means that Ethereum is just a short-term pullback, and the wave adjustment will not occur; a correction will require exiting the market.