Good afternoon, everyone. After two days of volatile consolidation, the market has finally reached a key resistance area, and the points have been accurately grasped. Investors who have followed the rhythm should have gained considerable profits. The recent sideways movement has been very clear in our observations; real market opportunities often require patience, and the short-term fluctuations over the weekend are usually difficult to capture for substantial profits.
This Monday, a rebound signal appeared at the daily level, but whether it can continue depends on the effectiveness of support around 87500. If this position is not broken, the rebound is expected to continue, with the upper target resistance still in the range of 89500-90500. Investors still holding short positions are advised to set a breakeven stop loss; if the price rebounds upwards, consideration can be given to gradually laying out short positions near 91500. If it breaks below 87500 again today, the downward target can be seen at the support range of 86800-85000.
Ethereum has also retraced after reaching resistance near 3050, and is currently rising again above the support of 2980. During the day, attention should be paid to the two support levels of 2980 and 2930; as long as the price remains stable above this area, the market is expected to test the resistance levels of 3050, 3100, and 3180 again. Investors with open short positions should pay attention to proper stop loss protection. If the price breaks below 2930, it may trigger a second correction, with support levels to watch at 2775, 2700, and near 2620.
