2025.11.6

Sometimes I really don't want to draw lines to find technical support and resistance levels, but occasionally when I look at the candlestick chart, it's just so coincidental, neither more nor less, that the highs and lows connect to form a line.
The panic sentiment in the past two days has been below 30, and the decline has been significant. I have also looked at many analysts' judgments on the trend, and I believe there will be another wave of upward movement. Regardless of what the news says about large holders fleeing and big funds needing to withdraw money for hedging, I only believe that the current deep drop is to jump higher. Recently, there has been a significant inflow of funds into the top 100 holders of BTC, ETH, DOGE, and ADA. If we were really heading into a bear market, who would want to spend money buying at such high levels?
Originally, my funds were down 30%, but seeing Ethereum's daily drop of 13%, I decisively opened a low-leverage long position on the contract. This is not gambling; such a deep drop is a rare opportunity to bet on a rebound. From 3065 to a rebound back to 3400, the rebound is about 12%. Currently, my account is down 15%, but I have managed to protect my principal to some extent.
The current K-line trend is similar to many previous pullback trends. I believe that even if there are one or two more pullbacks, they won't be too deep. Moreover, if there is a sideways consolidation followed by a large bullish candlestick with double the volume, I think I will use all the remaining funds to increase my position.