Important reminder!

Market trend analysis and trading strategies,
Market trend analysis and trading recommendations

The current market price is 105900, and the technical indicators show obvious risk signals: the upward trend has been broken, a double top pattern has been completed, the trend line has been violated, and multiple technical indicators are in the overbought range, increasing the risk of a short-term pullback. From a cyclical perspective, the 4-hour level has confirmed a bearish trend; although there is a demand for a rebound on the hourly chart, the upward momentum is lacking and is merely a technical correction.

In terms of operational strategy, focus on the key point of 106600. If today's closing price cannot effectively stay above this level, the downward trend may continue to deepen. The expected downward target levels are 105,000 (first support level), 102,000 (second support level), and 98,000 (third support level). It is recommended that investors who have not entered the market consider placing short positions when the price fails to break through around 106500; a stop loss of about 1000 years is suggested. Those holding short positions can continue to hold for the medium to long term and set a defensive stop loss at 107,500. Spot investors are advised to remain on the sidelines and avoid chasing highs; those with heavy positions may consider reducing positions to control risk. It should be noted that if the market declines, altcoins are likely to be affected and experience a general decline, so position management is essential.

Ethereum Market Analysis and Strategy

The current price of Ethereum is 2640. Although it maintains a bullish trend on the daily chart, the upper resistance level of 27300 has been persistently unbroken. Yesterday, there was a price breakthrough, and the high volume indicates an intensifying divergence between bulls and bears, suggesting a short-term need for a pullback. The 4-hour level has turned bearish; however, the key trend line has not yet been broken, and the important support level at 2600 remains effective for now, with a potential technical small rebound expected in the short term.

Position Suggestion: Investors holding long positions can take advantage of rebounds to appropriately reduce their positions and lock in profits; the altcoin sector is heavily influenced by the overall market, so it is recommended to remain on the sidelines and make decisions after the market stabilizes. If there are any short-term trading opportunities in the future, we will notify you in a timely manner.
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