Overnight, driven by the strong rally of Bitcoin, the second coin also moved upward, with the price firmly breaking above the 3000 level, reaching a high of around 3035. After losing momentum, a pullback occurred, and currently, the price is fluctuating around 3015.

From the four-hour structure, the bulls are releasing their short-term strength. After breaking through the upper band, there was no effective continuation, and the price subsequently fell back and closed lower. In terms of indicators, the MACD has shown a bullish crossover after consolidation, but the KDJ has entered an obvious overbought zone. Continuing to push higher is not highly cost-effective, and the risk of chasing longs is relatively high. The trading approach should avoid blindly chasing highs and instead wait for a pullback opportunity.

Strategy reference:
In the 3020–3040 zone, facing resistance, consider short positions with targets around 2950–2900.