Last Friday's market movement was indeed interesting — the price hit the key resistance level of 2980 and then turned around, subsequently probing support around 2890. The weekend saw a rebound, but it lacked momentum, and the entire weekend oscillated between 2890 and 2980, with clearly insufficient upward strength.
Currently, the bulls have not yet truly gained a foothold. Instead of expecting a breakout, it’s better to approach this market with a high-altitude perspective.
Monday’s trading plan is simple: focus on shorting opportunities within the 2972-2988 range. This area is both an extension of the previous resistance and a critical point for short-term rebounds. Once the price touches this zone again, it will be a good entry point for shorts.
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MetaverseMigrant
· 9h ago
It's the same old trick, if it can't go up, then push it down. The bulls really have no momentum this weekend.
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RugpullTherapist
· 9h ago
2980 has been stuck for so long, it seems the bulls really have no patience left. It's more reliable to stay bearish.
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GateUser-5854de8b
· 9h ago
When 2980 was smashed down, I knew this week would be bearish. The rebound is weak, really. The weekend's move was clearly a fight of a trapped beast.
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PanicSeller69
· 9h ago
It's starting to fluctuate again, so annoying, bro. What's the point of this repeated bouncing between 2890-2980?
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I can see that the rebound is weak. This time, the bears should be able to make some gains.
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That 2972 level is really a trap. I got caught there last time.
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Wait, is shorting really reliable? I feel like we should be cautious on Monday.
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This market move is ridiculous. It never stabilized at all. No wonder everyone is shorting.
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Are the bulls completely out of the game? It seems like it will continue to decline further.
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LayerHopper
· 9h ago
2980 has been hit again, this rebound is too strong. We still need to short on Monday.
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MetadataExplorer
· 9h ago
Level 2980 is just unshakable, a typical bluff. We still need to short this wave.
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JustAnotherWallet
· 9h ago
Still working on those support and resistance levels. To be honest, I'm already tired of the 2980 level.
Last Friday's market movement was indeed interesting — the price hit the key resistance level of 2980 and then turned around, subsequently probing support around 2890. The weekend saw a rebound, but it lacked momentum, and the entire weekend oscillated between 2890 and 2980, with clearly insufficient upward strength.
Currently, the bulls have not yet truly gained a foothold. Instead of expecting a breakout, it’s better to approach this market with a high-altitude perspective.
Monday’s trading plan is simple: focus on shorting opportunities within the 2972-2988 range. This area is both an extension of the previous resistance and a critical point for short-term rebounds. Once the price touches this zone again, it will be a good entry point for shorts.