Yesterday afternoon, the market took a sharp turn downwards, entering a mode of rapid decline, continuously moving downward, reaching a low of 95178 points. Subsequently, the market entered a consolidation range; although there was a slight rebound, it could not break through the upper resistance level, maintaining an overall state of fluctuation.
Currently, we need to first pay attention to whether the upper resistance can be broken. Is 95000 really the bottom of this round of the market? From the current situation, there are clear signs of a halt in the decline, and the momentum is relatively strong; this round of rebound seems far from over, overall in a pattern of fluctuating upward.
For short-term operations, it might be worth trying to go long for a bit, but today's overall strategy is still primarily to short on rebounds, with strong resistance levels focusing on the 100000 integer mark.
Now let's take a look at Ethereum; its rebound strength is even greater than Bitcoin's, and like Bitcoin, the rebound has not yet ended.
In the short term, the upper resistance first focuses on 3450; if it can break through, we need to pay attention to the 3500 point level. However, in my view, breaking through will not be easy.
Therefore, today's trading strategy for Ethereum is also to short on rebounds.
Specific trading suggestions are as follows:
- Bitcoin: Short when the price rebounds to around 98000 - 98500, with target prices sequentially at 97500, 97000, and 96500.
- Ethereum: Short when the price rebounds to around 3430 - 3470, with target prices sequentially at 3400, 3360, and 3330.
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