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On Monday, Bitcoin and Ethereum started to surge aggressively during the Asian session. Don't be fooled into entering the market by this rapid rise!
After waking up, all you see are bullish signals. Many people jumped in chasing the rally. The 4-hour chart shows two large bullish candles, which look tempting, but don't get caught up in the hype.
The key is volume! If this surge isn't accompanied by volume, it's just a false rally designed to lure in traders, and not an effective rebound. The main players are just waiting to harvest the retail traders chasing the rise.
Currently, the price hasn't even fallen to a proper support level. Without volume and support from the bulls, a big move can't be triggered.
Today, the main strategy for Bitcoin and Ethereum is decisively bearish. Find the right entry points:
In the 926-930 range, go short directly; if it spikes, enter decisively.
First target is 910; if it breaks below, continue down to 896-888.
For Ethereum around 3170-3200, go short with targets at 3120, and if it breaks below, look for 3080-3030.
Hold onto key levels without greed or panic, and avoid falling into trap of false signals! #ETH走势分析 $BTC