Based on Monday's trend, the persimmon market may still undergo a round of deep cleansing! Everyone should stay vigilant!
When the shipping situation shifts to a one-sided trend, we must be particularly careful and not let our guard down. Last Friday, when the price rebounded to 98,000, it successfully washed out 90% of the positions below. If today’s price falls below 92,500, then those chasing positions in the 95,000 to 97,000 range will likely face another round of deep cleansing.
On Sunday, I already expressed a bearish view on the market, and so far, this expectation is gradually being fulfilled. This round of decline seems to lack a clear bottom; regardless of how the persimmon market fluctuates, everyone just needs to adhere to one trend direction to better cope. Currently, the persimmon market is still in a bearish rhythm, and this is something everyone needs to pay special attention to!
The support levels below are 92,500 and 89,000, while the resistance levels above are 96,500 and 98,000. Unfortunately, these support levels are very likely to be hard to maintain, and the probability of breaking down is very high. Once the support level is breached, the price may drop directly to 89,000. Therefore, everyone should focus on rebounding positions primarily and use short positions as a supplement. For friends who are already trapped in positions, it is recommended to wait until the price hits the bottom before making additional purchases, and not to rush for quick results.
As for Ethereum, the resistance at 3,400 still exists, and there is a trend to fall below 3,150 in the short term. If the power of bearish positions continues to strengthen, the price may further drop to 2,950. Therefore, everyone also needs to be particularly cautious!
In summary, I maintain a bearish view and suggest everyone act in accordance with the trend.