$ETH Evening outlook: It can't go up, but it can't go down either

The current movement of the second Bitcoin futures contract is quite frustrating. If you say it wants to go up, the 2280 level overhead is pressed down so tightly that it hardly dares to try. But if it’s about to collapse, it’s lingering around 2233 and not directly collapsing. It’s just this kind of hesitant situation.

So the idea needs to be clear: don’t waste time fighting it, just watch which side it truly breaks:

· If it can be brave enough to push through 2280 with volume, then it’s a real man, able to breathe a sigh of relief. Once that’s done, it can drift around 2308 to 2342, and the previous decline will temporarily stop.
· Conversely, if it fails to hold 2233 and drops it, then the previous low of 2218 is as fragile as paper, unreliable at all. Without 2218, the next support is directly at 2173. When that time comes, look carefully at 2173 to see if there are signs of not being able to go lower, and then consider where to get in.

Those positions that are neither up nor down, like 2264, are really not worth much—just let it fluctuate there. We focus on two main directions: either it breaks upward and we ride the wave; or it falls below and we give it a kick. The in-between wobbling, whoever wants to play, can play—anyway, I won’t.