9.3 Afternoon
The daily level is likely to close in the red, with prices still running below the mid-range. During the day, the market has shown a trend of rising and then falling, and the current increase lacks sustainability, representing a typical false rebound, with high risks of further declines. From a short-term structural perspective, the upward phase has not formed an effective continuation; instead, it has quickly retreated after a rise, signaling clearly. Therefore, the short-term operational strategy is recommended to focus mainly on bearish strategies, looking for opportunities to enter.
For Bitcoin, resistance around 111500 and 111800, targeting 109000 and 108000.
For Ethereum, resistance around 4350 and 4450, targeting 4200 and 4250.
