After the big cake market fell back in the morning to test the support level of 57,000, it has been on a slow upward trajectory throughout the day. Now is the rebound stage in the falling market. It is too early to say that the decline has stopped or the trend has reversed. However, there are signs that the operating space of the market is narrowing, and the market is in a stalemate. The rebound strength of ether is a little beyond expectations. We have also strictly implemented a reasonable stop loss. Those who achieve great things are not particular about trivial matters. There is no need to be bound by temporary gains and losses. This degree of rebound is also within our expectations. In order for us to better do orders with a pattern, our layout in the real market is constantly being adjusted. If we blindly idealize and stick to our own opinions, we will definitely be unable to move forward in the market. Adapting to circumstances is the only way.
As for the current market, the intraday market rose slowly for a day, and there was no retracement during the period. Because the US stock market was closed on Labor Day, Grayscale did not ship, so this trend is normal. The pressure from above is still relatively obvious. It is not so easy to continue the upward breakthrough of the rebound. The follow-up is still under pressure.
Pie: short around 59,000, looking at 57,000
Ether: short around 2530, looking at 2430
