$ETH Remember, the strongest asset in the crypto world is not a popular coin, but your unwavering emotional resilience and independent thinking ability. The current market structure shows that short-term bearish sentiment remains strong, and there has yet to be a significant rebound or recovery. On the contrary, resistance levels above continue to decline, with the past few trading days seeing consecutive dips that open up downward space. The trend shows strength and continuity, and the recent trend direction is quite clear. After the market opens on Monday, the small-cycle rhythm indicates that in the short term, it may first rebound and then turn downward. Currently, the market has entered a bullish rebound and recovery phase, which is also a common rhythm feature recently—pullbacks accompanied by rebounds, but with highs gradually lowering and lows constantly refreshing. This type of movement can be seen as a healthy correction; the space opened by the rebound often becomes the momentum for the bears to continue, forming a weak pattern of “one rebound, one new low.” Therefore, in today’s operations, it is recommended to first observe the strength and magnitude of the bullish rebound, then choose the right moment to establish short positions.
Trading suggestions: Bitcoin: around 91,500, target 88,000 Ethereum: around 3,200, target 2,800 $BTC $ETH
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$ETH Remember, the strongest asset in the crypto world is not a popular coin, but your unwavering emotional resilience and independent thinking ability. The current market structure shows that short-term bearish sentiment remains strong, and there has yet to be a significant rebound or recovery. On the contrary, resistance levels above continue to decline, with the past few trading days seeing consecutive dips that open up downward space. The trend shows strength and continuity, and the recent trend direction is quite clear. After the market opens on Monday, the small-cycle rhythm indicates that in the short term, it may first rebound and then turn downward. Currently, the market has entered a bullish rebound and recovery phase, which is also a common rhythm feature recently—pullbacks accompanied by rebounds, but with highs gradually lowering and lows constantly refreshing. This type of movement can be seen as a healthy correction; the space opened by the rebound often becomes the momentum for the bears to continue, forming a weak pattern of “one rebound, one new low.” Therefore, in today’s operations, it is recommended to first observe the strength and magnitude of the bullish rebound, then choose the right moment to establish short positions.
Trading suggestions:
Bitcoin: around 91,500, target 88,000
Ethereum: around 3,200, target 2,800
$BTC $ETH