#美联储回购协议计划 Monday Morning Market Thoughts

Looking at $ETH's current trend, after testing the bottom, it quickly rebounded and has broken through the middle band of the Bollinger Bands, approaching the upper band. The Bollinger Bands have shifted from expanding downward to narrowing and rising, which is a typical bullish rebound characteristic— the middle band has transformed from a resistance level into a strong support. On the four-hour chart, the bullish engulfing pattern is evident, with higher highs during the rebound, indicating strong bullish momentum. The bearish pressure is being quickly absorbed.

This wave of market movement is relatively strong in the short term. It is recommended to adopt a strategy of selling at rebound highs and participating in batches.

Ethereum position reference:
Support at around 2930-2960
Target above in the 3050-3100 range

Aggressive traders can enter in batches, but remember to set stop-loss orders.