The current market is showing a slow bull climbing trend (117k→119k), and there seems to be some signs of a short squeeze. It is advisable to delay shorting and be cautious as the main force tests the key resistance level of 120,000 before pulling back.
1. The medium to long-term bearish view remains unchanged.
2. There are technical rebound opportunities in the short term.
Trading strategy (aggressive):
• Long position range: 117,600-118,000
• Target level: around 120,000
• Short position timing: Observe market reaction after the U.S. stock market opens.
The ETH trend is highly correlated with BTC, so it is advisable to use the same trading logic.
