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Currently, the overall market is bearish on a larger scale, basically experiencing a daily line pullback. The Bitcoin daily line has been oscillating at a high position for quite some time and has also undergone a deep pullback. It would be safer to wait for a few confirmations before looking for long opportunities.
Although the market has not rebounded much until now, it is still in the rebound stage. The small support level to watch for Ethereum is around 3480, and for Bitcoin, it is around 114200. These two levels will determine whether the rebound will continue instead of reversing. For ETH to reverse, it needs to rise above 3600, which clarifies the strategy: short below 3550. If there is no position, control the position around 3520-40 and near 3575, implementing a phased short strategy. The stop loss should be above 3590, and below it, watch for levels around 3480-3430 and 3380.
Stare at the market, place orders, control your position, and respect the market!
For reference only