$ETH Posture Silk Road and Recommendations

The hourly posture has been moving sideways within the flag pattern, and it also inserted two downward pins without breaking below the support at 2251. Additionally, a piercing pattern has formed inside the flag, indicating a rebound demand at the hourly level. But why isn't it rebounding? I also want to ask. To move upward, the hourly posture must return above 2300 to trigger a rebound, aiming for 2330-2360. If it can't go above 2300, it will be exhausted and unable to bounce. The best way for a retracement is not to break below the flag; if it breaks below, the support at 2251 may not hold, and if it can't hold, it might retest where it broke, wait and see when it breaks. Now, if I tell you this, many traders with no positions will want to open short positions, but that's not correct. This sideways consolidation pattern doesn't have much to say.

Trading Suggestions
Watch around 2295-2320; look towards 2240-2210. Conversely, consider going long.

As long as the 4-hour level does not break below the triangle convergence pattern, there is nothing to worry about. Maintaining within the triangle convergence pattern means there is still an upward opportunity. If it breaks below the red box area under the triangle convergence pattern, you don't need to pay attention; just wait at 2174 for a sign of a reversal before going long. When 2174 is broken, it will return to the consolidation zone marked by the white box to move sideways. When it returns to the white box consolidation zone, the 4-hour bullish trend for posture will also be gone. The above is just personal advice; please follow Sister Lin's layout at Shi Pan for specifics. $BTC
$ETH