Yesterday afternoon, the market took a sharp turn and entered a mode of plummeting, continuing to decline and hitting 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 and remained in a state of fluctuation.

Currently, we need to pay attention to whether the upper resistance can be broken through. Is 95000 really the bottom of this round of the market? Given the current situation, there are clear signs of a stop in the decline, and the trend is relatively strong. This round of rebound seems to have not yet reached its end, overall maintaining an upward consolidation pattern.

For short-term operations, it is possible to try going long for a chance, but today’s overall strategy is still focused on shorting during the rebound, with the strong resistance level to be closely monitored at the 100000 psychological barrier.

Now let’s take a look at Ethereum; its rebound strength is even greater than that of Bitcoin, and like Bitcoin, the rebound has not yet ended.

In the short term, the upper resistance is first focused on 3450. If it can break through, then we need to pay attention to the 3500 point level. However, in my view, the difficulty of breaking through is not small.

So, today’s trading strategy for Ethereum is also to short during the rebound.

Specific operation 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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