2026.01.16

Ergouzi still has 3080 spot holdings for bottom-fishing. In the next few days, the main trend is likely to be a correction. Over these days, observe the structure and depth of the correction. If the correction doesn't go well, there might be a rebound wave that ends the trend, at which point you can clear your spot holdings and look for opportunities to short (red route).

If the trend goes well, there will be another upward wave, and then you should also clear your spot holdings and look for opportunities to short (blue route).

If following the blue route, we should pay attention to Gann time around 1.23. If this route is followed, the high point won't deviate too far from the timing.

The difference between the two routes is whether there will be another upward wave. The common point is that the large daily rebound starting from 2623 has entered its final stage. After reaching the upward end, the price will continue to decline, at least until early March. #eth $ETH