6.3 Afternoon Market Analysis

The current market shows strong rebound momentum, and market activity has significantly increased. In such an upward trend, going short against the trend is undoubtedly unwise and contrary to the market trend. The key to successful trading lies in following the trend, being flexible, accurately capturing market dynamics, and timely adjusting strategies. This is crucial for survival and profit in a volatile market.

From a technical analysis perspective, although the price has not yet formed a sharp one-sided upward trend, it is noteworthy that after multiple previous dips, it has quickly rebounded each time, returning to the upward channel. This trend suggests that subtle changes are occurring in the market, and it is highly likely that the market will shift from a downward trend to a range consolidation.

This is precisely the core reason why it is not advisable to short again at this stage. The bullish forces are continuously accumulating through repeated fluctuations. Although a strong trend has not yet been fully established, blindly betting on a decline at this moment lacks a solid basis. Even though the critical downward trend line has not been effectively broken, the extent of this round of rebound is sufficient to break the previous sluggish state, and market sentiment has clearly improved.

Based on the above analysis, today's trading strategy recommends focusing on buying on dips.

Bitcoin can be closely monitored in the range of 105,500 - 105,000, looking for suitable opportunities to enter long positions near this support level, with a target price around 108,000.
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Ethereum suggests looking for entry opportunities in the 2620 - 2600 range, where there is strong value support, with a target price set at 2700.

The cryptocurrency market is constantly changing, and we will continue to closely monitor market dynamics to capture new trading opportunities in a timely manner.