Where does the first round of rebound after the big drop end?
The first wave of short covering and rebound squeezing after the big drop has begun
Next, we will see where strong supply appears to lead to another decline
The trend is still bearish, and the short-term rebound after the big drop should not be underestimated
I sincerely hope that right after the long positions are cleared, there won't be an immediate short squeeze
Playing with the market mentality!
Here's a short-term plan:
Follow the trend and go long with the rebound repair, provided that it does not break below 78K-77.5K, and it may touch two strong supply zones later, 80.6-82.0K, 84K-85K
Ethereum should also retrace to 2335-2320 without breaking and follow the trend to go long, with upper supply zones at 2450-2520 and 2650-2700 to look for short positions.
Currently holding a grid in the range of 65-85K starting from 77K, using grid accumulation profits during the range fluctuations is a good choice.
