$ETH core situation assessment: is it a 'bottoming' or a 'downward continuation'?
• Short-term support confirmation: ETH spiked back up near $2,962, indicating strong buying support for longs and closing positions for shorts in that range
• Trend determination: rebound rather than reversal. Overall, the 4-hour and daily levels remain bearish. Therefore, the next strategy is: close short positions at high levels > support levels for short-term longs.
Short position again at a high level (main strategy, in line with the medium-term trend)
The next ideal secondary empty point will slightly decline:
• First pressure zone: $3,010 - $3,025
• Second Resistance Zone: $3,040 - $3,055
Bearish if it drops below 2800
• Stop Loss: Set at $3,075 (must stop loss before breaking the previous high).
3. Risk/Opportunity Weight before Christmas
• Christmas Market: Historically, the days before Christmas (23-24) often exhibit behavior of 'false shorts' followed by a rally.
Core Observation: Looking for the 'Golden Pit'
Liquidity Hunting (High Win Rate Pin for Longs)
Right at $3,060. If the price can recover $3,030 and stabilize at the 1-hour level, it indicates that the drop was a complete 'Bear Trap.'
• Christmas Market Kickoff: Stabilizing here usually marks the official start of the Christmas market, targeting $3,300.
• Stop Loss: $2,990.
• Target Level: $3,200 - $3,350.
Are you bullish or bearish today? #Crypto market slightly rebounds
