The market has been quiet for many days, but today there are signs of recovery. Bitcoin has returned to the 9xxx range, and Ethereum has returned to the 3xxx range. Bitcoin is currently at the resistance level of 89000 that we mentioned yesterday. If it can stabilize at this position, it will head towards the next key position, around 94500 to 95000. If it stabilizes here, the pullback will come to an end.
Ethereum is currently near the resistance level of 3020, stabilizing above the support level of around 2970 that we mentioned yesterday. The next resistance is around 3130. Friends who want to short need to wait for the right moment, which should be after breaking through 3130, and near 3200 would be a good time to catch a high and then a drop.
I got up to drink water and happened to see the high and drop of MERL, took a bite of it, and set a trailing stop for profit. While writing this post, the profit has already been secured. A few days ago, I also took a few bites of banana, and at the current price near 0.0055, you can short a head position, with an additional position near the previous high of 0.006. Be sure to set a stop loss, as the probability of taking a bite is quite high.
In this recovery phase, don't get tangled up in whether we are in a bear or still in a bull market. The TAO we have been waiting for is expected to have a halving in December, which will be speculated on in advance. The relatively strong LTC will also have some rebounds when the market is good. Additionally, we have been optimistic about SOL, which has already reached the key resistance level of 145. Once Bitcoin and Ethereum gain momentum, it will also show good performance.
