Early morning rebound in the market also serves as a reminder to consider light short positions around Bitcoin 104,000-104,500 and Ethereum 3,450-3,480. These levels are also where we took profits on our long positions and are preparing to switch to short positions. Our target is to revisit Bitcoin 102,500-101,500 and Ethereum 3,350-3,250. In the short term, I believe the market will continue to consolidate within this range for a while before deciding on a direction.

Currently, from a daily chart perspective, Bitcoin (BTC) has precisely retraced to the June low of around 99,000 and then started to rebound. This can also be understood as the daily candle closing above the key level of 100,000; a break below would indicate continued bearishness. Otherwise, we need to watch the bottom of this recent consolidation range at around 106,000. A break below that level would turn the support into a resistance level at the top of the range. A break above this resistance could signal the resumption of a bullish trend!

As for Ethereum (ETH), its recent weakness is more pronounced compared to Bitcoin. The recent decline broke below the August low of around 3,380 on the daily chart. In the short term, resistance is seen at 3,380-3,500-3,600. The key turning point for a trend reversal is similar to Bitcoin: the previous range bottom at 3,750-3,700 now acts as a resistance zone. A break above this level could signal the start of a bullish trend again. Since ETH has fallen significantly this time, the potential rebound space is larger, and the upside could be more substantial!

In summary, the current rebound is an inevitable correction process. Previously, Bitcoin was in a range top at around 116,000, and Ethereum at around 4,250. Even after falling to the range bottom, the precise judgment of a breakdown was made, successfully capturing this bearish trend with 12 consecutive wins, as documented earlier!

In real trading, we have already started long positions after Bitcoin broke above 100,000 and Ethereum broke above 3,200. We are still holding these positions. For those who haven't entered yet, you might consider a light short position in the Bitcoin range of 104,000-104,500 and Ethereum 3,450-3,480, which are our target zones for taking profits on longs and preparing to switch to shorts. The target levels are around 102,500-101,500 for Bitcoin and 3,350-3,250 for Ethereum. In the short term, I believe the market will consolidate within this range for a while before choosing the next direction.

Please note that strategies are time-sensitive; specific guidance will be provided privately in real-time! #广场发币瓜分千U奖池 #参与创作者认证计划月领$10,000 #十二月降息预测 $BTC $ETH ‌