Midday Thoughts

Ethereum has recently maintained high-level oscillations. It appears to be range consolidation, but in reality, bullish momentum continues to weaken. Key resistance levels above have been unable to break through, and the 2100 support below appears effective, but is actually precarious. On the daily timeframe, the rebound has shown signs of exhaustion. Consecutive probes of upper resistance have all ended in pullbacks, with insufficient bullish conviction. In the short term, it leans more toward bears accumulating strength.

Currently, the market shows no clear strong reversal signals. Instead, there have been multiple surges followed by pullbacks, exposing heavy selling pressure above. This morning is not suitable for blindly catching the bottom with long positions. Instead, should follow the short-term weak pattern, selling into rebounds at highs.

Operation Suggestions

BTC around 71500 short, target around 70000
ETH around 2180 short, target around 2130