#数字资产市场观察 has been in a sideways fluctuation for two days now, and this trend is highly likely to experience a pullback at the 4-hour level.

The advantage indicator is about to break the critical point, but there is obviously insufficient momentum. If there is no pullback to wash out here, the funds on the sidelines will not dare to enter the market to take over. Moreover, the price has been pulled from over 2600 to 3000, accumulating a lot of arbitrage chips waiting to be offloaded.

The market is now speculating on interest rate cuts, and the biggest fear is that when the shoe drops, it will instead cause a sell-off—good news often turns into bad news.

Unless there is a direct violent surge breaking through 3200, followed by a pullback that can stand firm, then it can be considered that the upward space is truly opened. Otherwise, this position is likely to need to squat for a while.