Up to now, it has fallen so much, and the current thinking is still a rebound short strategy; the daily chart is bearish. Ethereum at 3070-80 faces strong resistance and is a turning point between bulls and bears. Below 3080, it remains bearish. The turning point between bulls and bears for Bitcoin is around 91,400. During the day, there should be a slight rebound; this rebound does not mean a reversal. If it drops again without consolidating, it will break the current low. Bitcoin around 96,800 and Ethereum near 2890. I don't know what else to say, so let's leave it at that for now.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Up to now, it has fallen so much, and the current thinking is still a rebound short strategy; the daily chart is bearish. Ethereum at 3070-80 faces strong resistance and is a turning point between bulls and bears. Below 3080, it remains bearish. The turning point between bulls and bears for Bitcoin is around 91,400. During the day, there should be a slight rebound; this rebound does not mean a reversal. If it drops again without consolidating, it will break the current low. Bitcoin around 96,800 and Ethereum near 2890. I don't know what else to say, so let's leave it at that for now.