The current market shows significant divergence: Bitcoin has experienced a sharp decline, while Ethereum has exhibited relative strength, successfully holding the key support level of 2070 during the morning phase.
However, it should be noted that although the price is currently above 2070, from an overall structural perspective, this more reflects a "resistance situation relying on support" and cannot yet be deemed a trend reversal. The bulls are currently facing severe tests, and market dominance still lies in the hands of the bears.
In terms of operations, if the subsequent rebound cannot effectively break through the 2160 resistance area, it is recommended to primarily focus on shorting during rallies. Consider positioning short orders in the 2130-2160 range, with downward targets successively focusing on the 2070-2030 support zone, and it might even further test the 2000 round number.
If the price falls below the 2000 mark in the short term, the space below may open up, and the market may test the support strength in the 1940-1870 area.
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