During the early morning phase, Ethereum generally fluctuated narrowly around the 2000 mark. The market repeatedly tested upward but was unable to break through effectively, with clear resistance above and a structurally weak trend. During this process, the strategy of shorting based on resistance above was already clearly outlined in the morning thoughts. The repeated rebounds that failed to gain momentum also validated this judgment. Participating in short positions along the trend offered good profit potential, and the overall rhythm was well managed. Subsequently, the market experienced a rapid decline in the early hours, with the lowest touching around 1936. The bears released volume, but the price was quickly pulled back and regained above 2000. Currently, the rebound has pushed above 2030, but the market remains in a weak, oscillating structure with resistance preventing further gains. The market never rewards hesitation; the direction is clear, and execution is key to gaining an edge.

From the current market situation, although the dip below 1936 has been corrected, the rebound is limited in height. The 2050 area has formed a clear short-term resistance zone, with multiple tests failing to break through, indicating heavy selling pressure in this region. Meanwhile, the 2000 level has not formed strong support. If it falls below again, the market is likely to revert to a weak trend. Key supports below are 1980 and 1950, with 1950 being the critical defensive level in this rebound structure. Losing this level would confirm the end of the rebound, and the market could further decline or even hit new lows. In terms of trading, continue to prioritize short positions, waiting for a rebound to the 2040-2050 zone for resistance before entering short trades. Targets are below 1980 and at the 1950 level. If the price breaks below 2000 directly and fails to rebound, shorting can be done accordingly. The overall approach is clear: focus on shorting at higher levels and follow the trend. #比特币震荡走弱 $ETH