Tuesday Market Analysis: The Rebound Hides Traps, Not a Trend Reversal
After the market price surged previously, it failed to maintain high levels and quickly shifted into a downward fluctuation channel, which undoubtedly signals a depletion of upward momentum. Focusing on short-term trends, although prices have dipped, key support levels remain solid. However, there is an urgent demand for market adjustments in the short term. Moreover, the current rebound lacks strength, making it difficult to surpass previous highs. Various signs indicate that the market is trapped in a narrow tug-of-war, with investors exhibiting strong wait-and-see sentiment, and the fluctuation atmosphere is becoming increasingly intense.
Based on the above analysis, here are today's operational references:
1. Bitcoin: When the price rebounds to the range of 83700 - 84100, consider placing a short position, targeting a price of 81300.
2. Ethereum: If the price rebounds to the range of 1870 - 1910, it is recommended to enter a short position, targeting 1780.
