In terms of operations, it is best to act steadily. If you don't understand something, it's better to miss out than to make a mistake. It is currently 12:30 PM.
Yesterday, the price showed a rebound, but it was merely a rebound. It is still prudent for everyone to look for opportunities to position short above. For ETH, pay attention to the upper resistance level at 3755-75, which is important. Operate short at 3660-80 with a 30-point stop loss and targets at 3525-3325-3255, which were mentioned in previous articles as resistance levels.
Once the price breaks above the 3755-75 level, those who are bullish can celebrate the New Year. If this level is not broken, the bears will be victorious. It is currently a time of struggle between bulls and bears, so everyone can approach it calmly. Do not view the market with a one-sided perspective.
Currently, the battle between bulls and bears is intense. As long as the price has not crossed above the important resistance level, Wu Yang anticipates a retreat.
From a monthly perspective, historically, each time this level was touched, it led to a downward trend. This time is no exception. If everyone positions themselves at this level, once the trend aligns with the overall trend, it will be a high-point short position, providing a larger profit margin.
From a daily perspective, yesterday showed a rebound trend, but the overall trend has established a downward movement. The rebound is merely correcting last week's large pullback. Today, the market is primarily focusing on long positions, and one should not chase after long positions at this level easily.
For specific real-time operational points, everyone can follow wo for real-time updates during the session.
The above analysis is based on Wu Yang's personal insights and is for reference only.