Observing the recent dynamics of the cryptocurrency market, a transfer operation involving 80,000 Bit has garnered widespread attention. Currently, the funds are being gradually dispersed to various exchanges for sale, with about half of the selling volume already completed. This wave of selling pressure is mainly concentrated on Bit, while the fall in Ethereum and other altcoins is relatively small.

In response to the current market situation, investors may consider establishing long positions in the Ethereum range of $2610-2620. If the rebound is successful, attention can be paid to the resistance level of $2670-2690, and if it breaks through, it is expected to challenge $3730. However, risk control is crucial, and it is advisable to set reasonable stop-loss levels and not take excessive risks. Taking profits of 30-50 points can be considered for closing part of the positions, maintaining flexible operations and avoiding stubborn holding.

For Bitcoin, if it falls to around $114,000, it may be a good opportunity to consider buying on dips. The lowest support level could be around $112,000. Within these two price ranges, there are potential long opportunities in both spot and futures markets. Investors should maintain confidence, as global liquidity has not significantly contracted, and major stock indices have not yet entered a clear adjustment period. Therefore, market corrections often signify new investment opportunities.

However, all investment decisions should be based on individual risk tolerance and in-depth market research. By closely monitoring market trends and flexibly adjusting strategies, one can seize opportunities in the volatile cryptocurrency market.