🚨110,000 looks for a pullback, 98,000 looks for a Rebound, next operational direction.

📊 The pie stepped back on 100500 in the early morning and did not break the rapid rebound, the current large structure trend line is not broken and is still in the bearish trend, focusing on the rebound from the 98000 rising small level, whether it can break through the 106000-106500 trend line, break through the stable will go to continue the rebound test 109000-110000 high pressure, otherwise the short-term rebound will not break there will be a retracement demand, then pay attention to the 103000 strong and weak dividing line, the first step back will not break will also rebound to test the trend line, A break below 103000 will weaken and continue the retracement structure.
📊 Ethereum's major structural trend line pressure is at 2450. A rebound from 2150 indicates that if the trend line is broken, it signifies the beginning of the first wave of an upward trend. The market will then test the reversal zone at 2550-2600. If the short-term rebound does not break the trend line at 2450, it indicates that the short-term rebound is merely the fourth wave, and there will be a fifth wave pullback afterwards. At that time, pay attention to the strength and weakness watershed at 2300. If this level is lost, it will announce the end of the small-scale rebound, and the market will continue the pullback structure. At that time, focus on Ethereum's double-bottom pattern at 2120-2150, or an extended decline to 1900-1950.
📊Operation Strategy
1: Perfectly anticipated the rebound at the beginning of this week, brothers made profits. Today, focus on the resistance of the trend line. If the rebound cannot break through or small bearish signals appear, I will suggest reducing positions at highs. Meanwhile, we will use 2300 (1-hour closing level) as the defense level. If the defense level holds, continue to hold; if it breaks, exit the position. Newcomers, do not chase high prices now; only enter on the right side when the trend line is broken. If the trend line does not break, patiently wait for a pullback.
2: In the early session, pay attention to the hourly closing at 9 o'clock. If Ethereum closes as a pin bar, it indicates resistance, and there will be a short-term need for a Rebound.