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After the market opened on Monday, a rebound trend appeared. Many traders tend to chase highs during rebounds, but they need to remember one point—rebounds are one thing, and reversals are another.
From a technical perspective, Bitcoin shows clear short opportunities around the 89,500 level. This position is a typical high-level resistance area; a rebound to this point should be seen as a good opportunity to short rather than blindly bullish. The same logic applies to Ethereum, with around 3030 being a key resistance level; shorting remains the main strategy.
This rebound is more of a technical correction, with profit-taking by bottom buyers at this level, and new entrants chasing the rally are likely to get caught. Remember the core strategy: the entry point for shorting should be during rebounds, not as a reason to continue bullish. The true bottom of the market still needs further confirmation.