The current market has entered a critical window for small-scale stabilization and rebound, and we can gradually position ourselves with short-term long positions to play the rebound trend.


Regarding Ethereum (ETH), the first target of this rebound is around $2,140, with the maximum rebound height not exceeding $2,185. If the price cannot effectively hold above the key resistance level of $2,140, it is likely to retest lower levels, and the support at $2,060 may be difficult to defend. Everyone should prepare risk management strategies in advance.
For those who have recently retested the key support zone for the first time in the past two days, you can try a small position to play the rebound.
The same operational idea applies to Bitcoin (BTC): consider short-term long positions around $75,100. The key point to watch is whether it can break through the resistance level of $77,150; if it cannot effectively surpass this level, the downtrend will continue.
I have already taken profits on my previous high-level short positions at the bottom area. After this rebound, we will re-enter with medium-term short positions.
Currently, around $75,100 (BTC) and $2,060 (ETH) are the best zones for playing a strong rebound, as there are still many unfinished sell-offs above.
After the rebound ends, we will continue to firmly follow the medium-term strategy of shorting.
ETH0.69%
BTC0.51%
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