According to Monday's rhythm, there should be another deep wash! Everyone needs to be more mindful!
The volatility can suddenly turn into a one-sided trend, so caution is required. On Friday, the rebound at 98000 washed away 90% of the shorts below. If it breaks below 92500 today, there will be another deep wash for those who chased longs at 95000-97000.
On Sunday, the bearish outlook was released, and so far, it has been fulfilled. This round of deep decline has no bottom, regardless of how it washes out, you should follow the trend direction, and there should be no major issues. The current stage is still in bearish rhythm. Everyone needs to pay special attention!
Support levels are 92500, 89000, and resistance levels are 96500, 98000. It is highly probable that it won't hold, and the likelihood of breaking is high. Once it breaks, it will be 89000. Everyone should mainly short on rebounds, and if you're caught in longs, wait until it finds a bottom before averaging down, don't rush to average down.
Ethereum is the same, with a resistance level at 3400, and there is a tendency to break 3150 in the short term. Follow the downtrend; if selling pressure comes, it will be 2950. Everyone needs to be careful!
In summary, I am bearish and will act accordingly.
