$ETH The cryptocurrency market consolidation has ended, and the risk of breaking downward has intensified.
Today, the cryptocurrency market has been trapped in a state of stalemate and fluctuation throughout the day, with prices repeatedly fluctuating within a narrow range, putting considerable psychological pressure on holders. At the end of the session, a rapid spike occurred, causing prices to briefly fall below yesterday's low, breaking the balance between bulls and bears, and market sentiment weakened accordingly.
In the future, attention should be paid to the rebound momentum at the key level of 87400. If prices cannot effectively break through and stabilize at this resistance level, the downward trend may continue, with a higher likelihood of further probing for support levels.
In the face of such a market after a breakout from consolidation, it is advisable to remain cautious and avoid blindly bottom-fishing. Compared to buying at lower levels, shorting on rebounds has more operational advantages and a higher winning rate. A light position trial strategy can be adopted, adjusting positions dynamically after confirming the direction, which can effectively control risks while flexibly responding to subsequent fluctuations, avoiding the passive situation of being repeatedly washed out in a volatile market. $BTC
