Let's briefly review the situation from last night at 9 PM when Ethereum surged to around 4185, then retraced to around 4080 before starting to rise again. It formed three consecutive bullish hourly candles and reached around 4230. After retracing to 4185, it attacked again, peaking at 4293. The process of rising and then falling was smooth, and it only faced resistance after dropping below 4000. At 6 PM, it bottomed out at 4886 and rebounded back to around 3980. After 9 PM, with the panic from the opening of the US stock market, it dipped again but did not break the previous low, bouncing back to around 4015.

In contrast, Bitcoin was much steadier, with a strong resistance zone between 115500-115899. It attempted to break through several times but was unsuccessful. From 4 AM to 4 PM, there were twelve consecutive bearish candles, and by 6 PM, it approached the 110,000 mark. After rebounding to around 111500, it dipped to 109800 following the low opening of the Nasdaq, then rebounded to around 112200.

The strategy provided yesterday was highly validated!!!

As we can see, during the second dip, Ethereum did not break its previous low, while Bitcoin did. We should focus on these important levels: Bitcoin's 110,000 mark, the rebound levels of 111500 and 112200, and for Ethereum, the conflict zone at 3940 and the rebound level at 4000. Given the wide fluctuations yesterday, we still need to consider the possibility of broad movements. Everyone should follow the most conservative approach.

For Bitcoin, watch the upper range of 112500-113800 and the lower range of 111500-110600-109200. For Ethereum, watch the upper range of 4000-4045-4080 and the lower range of 3945-3885-3840.

In the short term, we will handle consolidation, targeting a swing in the range of 119500-113600 for Bitcoin and a swing in the range of 3845-4120 for Ethereum.

The medium-term strategy provided yesterday was excellent, entering at 4185 and adding at 4259, with a target of 3850. Since we have positions, a conservative suggestion would be to handle it with a bearish approach. After all, the target of 3850 is close to expectations, and it is highly likely to head towards 3650 by mid-month. Therefore, treat every rebound with a bearish strategy.

For intraday short positions, I suggest shorting Bitcoin at the current price of 111800, adding at 112500, and initially targeting the 110,000 mark, with a stop loss at 112800. For those extremely conservative, short at 113800 with a stop loss at 114500.

For Ethereum, short around 4000, with a stop loss at 4045, looking for a retracement to 3945. Be conservative and short at our second rolling point of 4080, with a stop loss at 4122.

Wishing everyone a smooth journey and continued success through the year-end!!!

Strategies are time-sensitive, and real-time adjustments can be referenced on the public account: Jiang Xin Lun Chan.

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