When the risk-to-reward ratio is sufficient, it is worth taking action. Ethereum has been fluctuating around the resistance of 3560 all day today. The Bollinger Bands on the hourly chart are performing quite well, with a steady small upward movement, which is also the acceleration line, allowing everyone to enter near 3560 and reach around 3640, with the target already achieved.
Ethereum's rebound overall has not affected the altcoins, which have not followed the upward trend. This means we need to pay attention to Ethereum's potential pullback, which could bring altcoins down as well. Therefore, it is currently likely not a good time to add to positions. Ethereum's resistance is around 3640, and if it can stabilize at this position after the line change at 8 a.m. tomorrow, there will be a higher probability of the market stabilizing; at present, it is merely a rebound.
Bitcoin is similar; it has just broken through the resistance around 115000, and support is also here. Whether it can stabilize needs to be waited on. If Bitcoin can stabilize around this position, we can wait for Ethereum to catch up, which is a relatively ideal trend.
Friends without positions need not be anxious. Regardless of whether Ethereum fails to stabilize at support and begins to pull back, or if it stabilizes at support and starts to strengthen, it will provide us with opportunities to add positions. In a highly volatile market, it is recommended to enter on the right side, which is also my style.