JUST IN: Musk teases Terafab Project with annual capacity over 1 exahash. If real, could impact算 Ethereum-like hash dynamics and mining-play sentiment in crypto. $BTC (context: power/hash rate implications)

In recent livestreams, I discussed breaking below the 69000 level and focusing on the strong resistance at 68000, suggesting that friends consider mid-to-long-term positioning in the 71000-72000 range for a downward outlook. I'm curious how many of you remembered and participated in this. During the weekend early session, this surge in volume led to a downward exploration, breaking the weekend's consolidation structure that had been maintained above 70000. The market dipped below the previous key resistance level at 69000, with a sharp spike extending down to around 68000. This aligns perfectly with our thinking. I had originally planned to see mid-line short positions in the coming week, but exited early over the weekend with a modest gain of 2700 points. Driven by the trend, we've been maintaining profitable high-level short positions recently. From the current market perspective, after consolidation at the mid-band on the daily chart, the market finally broke the previous oscillating consolidation range during the relatively thin-volume weekend session. With a bearish candle exploring downward, the MACD fast and slow lines show further convergence with signs of a death cross. During the weekend's thin-volume phase, the market was unable to further recover, so the oscillating range will shift lower. The medium-term outlook still shows bearish dominance, and it's not yet the right time for bullish trends. Combining the current 4-hour chart, the bears retest and spike downward, once again opening the comparative trading range. Currently, the 68000 level is at a key Fibonacci support position. A weekend break below this level would be relatively difficult, and a short-term spike recovery is certain to occur. However, as the comparative price further adjusts downward, the higher levels will form additional pressure, shifting the trading range lower. Friends with long positions below should not look too far ahead. In terms of operations, we maintain a high-level short bias. Bitcoin can be shorted at 69500-70000, targeting 68000-66000. Ethereum can be shorted at 2110-2130, targeting 2050-2000. Aggressive traders can consider light position shorts at around 69000 at current prices, with further room at the bottom. #加密行情震荡 $BTC $ETH

According to Onchain Lens monitoring, a mysterious whale suspected to be Erik Voorhees withdrew 4.29 million USDT from Aave and purchased 2,012 ETH. Currently, the whale holds a total of 119,826 ETH, valued at approximately $248.98 million, while still holding 4.35 million USDT on Aave.