Last night, the short orders for the three major coins allowed BTC to take profit at 113333, ETH at 4112, and SOL at 184.85. Currently, except for SOL, which is 0.7 points away from taking profit, the others have all been closed. ETH has retested around 4072 as expected; 4072 is the starting point for the attack on 5k, after breaking the 4k level a few days ago from below. It's inevitable to pause here, as there is only one barrier separating it from the 4k threshold. Tonight, we will see the strength of the bulls' resistance near the 4k level. Therefore, there's no need to chase shorts during the day; chasing shorts here can easily lead to being trapped if there is a stimulus from the news that causes a pump. In the latter half of the night, there will be a Fed meeting minutes, which usually stirs things up. ETH reaching the 4k threshold coincides with this information node; what do you think it will do? Will it directly fall through or pump back above 4300 from here? As a rational trader, one must be prepared for a pullback here. Even if you wait in a short position and wait for a pullback to intervene, that's safe, but you must not chase shorts below 4072.

Similarly, for btc below 112600 and sol below 175, do not chase short orders today. Opening new shorts carries risks. Here, we need to observe.

If ETH falls again to around 4042, 3974 is an important support level. If this level is broken, it will drop to around 3850.
BTC has support at 111850-111555. If it breaks down here, it will reach 110850-110000.
Around 176 for sol is a major Fibonacci retracement point. Last night, it didn't follow BTC's drop below 175, indicating that this level is very important. After breaking this level, 167 is a strong support level, and 171.65 has temporary support.