Ethereum's early morning short-term rise and fall, combined with the current market being at a key resistance level, suggests a cautious short-term trading strategy, prioritizing risk management.
Core operational thoughts:
Market positioning: The current rebound has encountered resistance near $3060-$3066 (20-day moving average) and has clearly retreated, confirming strong selling pressure in this area. The price is currently at a critical watershed.
Key positions:
Upper resistance: $3060-$3070 (recent high & 20-day moving average)
Recent support: around $2960 (current trading zone)
Core support: $2800 (key defensive line for bulls)
Specific strategies:
1. Wait and see or short-term handling: Avoid heavy positions before the price clearly breaks through the $3070 resistance or stabilizes above the $2800 support. Consider lightly testing near $2960, but be quick to enter and exit.
2. Key position operations: If the price again approaches the $3060-$3070 resistance zone unable to break through, it is a signal to reduce positions or exit. If it falls to the strong support level of $2800 and shows signs of stabilization, consider gradually buying on dips.
3. Strict risk control: Be sure to set stop-losses. If the price breaks below $2800 with increased volume, the short-term trend may weaken, and further risks of falling towards $2623 should be guarded against. $BTC
