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The market has been a roller coaster lately, with the movement from weekend to early Monday morning leaving people sweating. Bitcoin was range-bound between 89,000 and 90,000 over the weekend, then suddenly plunged on Monday evening, dropping to a low of 86,000 before rebounding. It has now recovered above 87,000; Ethereum also followed a similar pattern, falling from around 2950 to 2780 before bouncing back, currently fluctuating around 2870.
This decline was not entirely unexpected. The escalation of US-Iran conflicts and the risk of a US government shutdown have everyone rushing to safe havens. From the market trend, the overall direction remains bearish, but the sharp short-term drop suggests a rebound is due.
In terms of strategy, focus on key levels: $BTC When Bitcoin's rebound hits the 88,000-89,000 resistance zone, don’t chase blindly. It’s safer to hold above 86,000; breaking below that could see a drop to 84,000. $ETH For Ethereum, watch the 2900-2930 resistance, with 2750-2800 as important support. If it can't hold, it may test down to 2400. The key tonight will be the US market movements #ETH走势分析