The timing is crucial for capitalizing on market movements, whether through rebounds or reversals. Following yesterday's pullback in Bitcoin (BTC), the anticipated rebound of the B wave has commenced, with daily candlestick patterns indicating buying interest around the 90,000 mark. However, due to the weekend and the Chinese New Year, market liquidity is currently low, which may slow down trading activity in the coming days. The B wave rebound is ongoing, but a consolidation phase around the 98,000 level is necessary. In the short term, as long as support at 95,500-96,000 holds, upward movement is expected, with resistance at the 100,000 level. A breakthrough at this level would provide the momentum needed for long positions to sustain the rebound. The 102,000-103,000 range serves as a critical reversal point; if the price stabilizes above this level, a subsequent short C wave will follow. Conversely, if the B wave fails to surpass the reversal point, the C wave may test the 90,000 level, and a breach would initiate a prolonged C wave.

For Ethereum, the range of 3100-3150 has proven to be accurate, with short-term resistance at 3500 requiring consolidation. As long as the price remains above the support levels of 3350-3400, the rebound is likely to persist. The resistance at 3600 must be broken and stabilized to maintain upward momentum. The 3700 level is identified as a reversal point; if the B wave surpasses and stabilizes at this level, the downward potential for the C wave will be constrained. The buying zones below are still focused around 3000-3100 and 2800.

Spot strategy:
1. Maintain all short-term spot positions. The altcoin market is currently experiencing a strong rebound, and I will monitor whether this can lead to a reversal.
2. For those who purchased Ethereum at 3100-3150 and are considering short-term trading, use 3350 as a protective level. If this support holds, continue to hold positions with targets set at 3600-3700.
3. Stay updated on market developments.#Gate.io Annual Report 2024 #USUAL and MOVE surge, are you bullish? #BTC #ETH #Akramulpro99