The price rebounded from the short-term support mentioned yesterday and rose to a new high.

Currently, there are no entry opportunities at this position; we need to wait for a new structure to form.

Tip: For those who like to trade altcoins, set up a secondary screen for Bitcoin. When Bitcoin retests support and rebounds, do not go short; when Bitcoin encounters resistance during the rebound, do not go long.

After all, most cryptocurrencies follow Bitcoin.