Friday Market Outlook: Volatility Continues, Focus on Selling High

The market remains in a volatile phase on Friday, with the overall trend still leaning bearish. Yesterday’s test of resistance at high levels failed to break through effectively, and after a correction, the market has entered a range-bound trading stage. Recently, short positions have been continuously established, all with corresponding profit margins.

Currently approaching a critical window before interest rate cuts, the trend is likely to be characterized by oscillations and retracements. Focus on key entry points for trading.

Today’s key levels to watch:

High resistance: 68,600

Low support: 65,500

Within this range, consider shorting at the top and buying at the bottom. The oscillation pattern is expected to last about 10 trading days. The main strategy is to short, but short-term long opportunities near support can also be considered.

Ethereum has been relatively stable recently, with a clear range:

Support: 1,960

Resistance: 2,130

Operate within this range, with both shorting at the top and buying at the bottom.

That’s the outlook for now. Wishing everyone smooth trading and steady profits!