Market Analysis Tonight: Range Fluctuation, Cautious Operations

The current market is fluctuating around 2500, overall positioned in the middle range, requiring special caution in operations.

Specifically, the upper range of 2580-2620 is currently the strongest resistance area, with dense short orders. Once the price approaches this area, it is likely to be suppressed by short forces.

Therefore, at this position, it is not recommended to chase the upswing; it is better to wait for a price pullback to reconsider.

The lower range of 2450-2480 is a key support area, where many long orders are placed. Once the price returns to this position, there may be funds to defend the position, leading to a rebound.

Operation Suggestions:

Do not chase high on long positions: There is significant pressure near 2580, and it is not advisable to chase the upswing in the short term; it is best to wait for a price correction before entering the market.

Buy on dips and set stop losses: If the price retraces to 2450-2480, consider taking a small long position, but strictly set a stop loss around 2435.

Focus on light positions in a fluctuating market: Currently, the trading volume is low, and the market trend is biased towards fluctuation. Avoid heavy positions and maintain a light layout.

High-risk short-term play: If the price quickly spikes to 2580, consider a small position to short, with a target looking at a pullback around 2520.

Tonight's market is primarily characterized by range fluctuation, with key movements between 2450-2600. In operations, it's best not to chase ups and downs, but to maintain the upper and lower ranges and capture fluctuations for profit.

Keep a close watch: ETHFI OP ENA