ETH Afternoon Trading Strategy

Bitcoin's price surged but faced resistance and continued to decline; currently, the price is oscillating weakly around the middle band of the Bollinger Bands. The overall trading direction is clear: prioritize short positions at resistance levels, and after a short-term pullback to support levels, consider light long positions. Focus on range-bound trading with strict position control throughout; avoid heavy positions and blind gambling.

The key resistance level above is at 77,400, where previous highs and the upper Bollinger Band converge with double resistance. Once the price rebounds but shows weak upward momentum and trading volume continues to shrink, it signals a short-term short entry point. The first take-profit target is around 76,500.

Looking at Ethereum's afternoon trend, based on the candlestick pattern, this round of market movement is a typical rebound followed by a decline, with bullish momentum weakening. Previously, the price rose near 2,400, but support from high-level buy orders was weak, and selling pressure kept releasing, reversing the trend from bullish dominance to bearish advantage. The short-term retracement bottomed near 2,260, and the current price is consolidating narrowly between 2,280 and 2,290.

In the afternoon, focus on the critical 2,300 level, which is the dividing line between strong and weak bulls and bears within the day. If the price rebounds to the 2,295-2,310 range but cannot break through effectively, consider light short positions following the trend, with the first target at 2,270 and further down at the 2,260 support level, with a stop-loss set above 2,320.

If the price can hold above 2,300, small long positions can be taken to capture short-term rebound profits. Overall, strictly control position sizes, adhere to prudent trading principles, and avoid market volatility risks. $BTC