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.
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GweiWatcher
· 8h ago
这波反弹就是来收割追高仔的,89500真的顶不过去...
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ChainWanderingPoet
· 8h ago
Here we go again, rebound = shorting opportunity, I'm getting calluses on my ears from hearing it... But the 89500 level does feel a bit uncertain, so I'll just stay on the sidelines and observe for now.
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LiquidationWatcher
· 8h ago
89500 is indeed a bear paradise; the feeling of rebounding and smashing the market is really good.
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BlockTalk
· 8h ago
A rebound doesn't mean a reversal, that's something to accept, but can 89,500 really break down... It seems just as easy for those shorting to get trapped.
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ContractHunter
· 8h ago
Thinking about chasing the rebound? Wake up, brother. This is just a feast prepared for the bears.
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.