In this round of tug-of-war, it seems that Ethereum has the upper hand.
After Bitcoin found resistance in the range of 9.65-9.7 yesterday, it successfully retraced to the target point of 9.55-9.5 today.
At the same time, this also indicates that Bitcoin is about to touch support in this round of pullback, while Ethereum shows no desire to decline at all.
Once Bitcoin confirms support and the market begins to rebound, Ethereum's rise and catch-up will face no obstacles.
Therefore, the suggestion is to clear Ethereum short positions around 2780, and in the later part of the night, pay attention to the Bitcoin support range of 9.5-9.45 for buying opportunities.
Regarding the layout after clearing Ethereum at 2780, my personal suggestion is to shift focus to the currently more stable market.
Ethereum is currently too unstable due to multiple factors, and risks and uncertainties are increasing. However, if one can tolerate the risk, attention can be given to the range of 2780-2750. If the market begins to rebound, Ethereum's next upward move will target around 2900-2920.
This column primarily focuses on sharing major mainstream cryptocurrencies BTC/ETH/EOS/XRP/ETC/LTC/DOGE. Follow the public account "Yanbi" to avoid getting lost and enjoy more service guidance.
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