$ETH The new week's market starts, longs and shorts face off. The rebound is more accurate than expected. Bitcoin and Ethereum hit the key levels I provided last week. This week, we first look for a technical rebound.
I am the one who can grasp the rhythm, using 8 years of trading experience to tell you that opportunities lie in the details.
The upper resistance for Bitcoin is 90000. It has now surged to 89627. The ideal rhythm is to break above 90000 and touch 91000, and a pullback that doesn't break this level would count as a confirmed rebound.
The lower support is at 88000. If it holds, there is potential. Last week, I advised members to set up long positions at 88500, and it is now yielding a profit of 3%.
Ethereum is even stronger, directly breaking through the resistance of 3050 that I mentioned, surging to 3060 in sync with Bitcoin. Next, we look at 3160. If it pulls back to hold 3050, the rebound can continue. The lower support at 2970 is a safety net; if it breaks, then we will consider reducing positions.
Last month, I set up long positions at Ethereum 2850. This is the power of focusing on key levels.
As for the altcoins, we need to ring the alarm. The end of $LIGHT is a microcosm of most high-control altcoins. Peaks are only confirmed after selling.
When emotions run high and people chase prices, it is just giving money to the big players. I led members to avoid three altcoins last year that later halved in value. Remember, only invest in the leading altcoins; avoid the mixed ones.
