#密码资产动态追踪 The market is once again testing patience.

Just look at the reactions in the group. As long as $ETH shows any movement on the 15-minute chart, someone will start saying, "Support at 3120 is holding, a rebound is coming." It happens every time.

I tend to be more cautious. I put down my phone, brew a cup of tea, and look up at the 4-hour chart. That’s where the interesting part is — the long upper shadow formed above 3308. You have to admit, this isn’t a good sign. It’s actually telling us that the bulls have tried to push higher but couldn’t hold.

Short-term fluctuations are tempting, but when you switch to a higher timeframe, the story is completely different. Those focusing on tiny gains on the 15-minute chart and those understanding the structure on the 4-hour level often end up with very different outcomes.

The direction of this market cycle has been clearly outlined in the technical analysis long ago. The key is which perspective you choose to view it from.