$ETH Signal】Short continuation, 1H oversold rebound lacks strength, 4H bearish pressure


RSI 1H 20.36, MACD blue bars shrinking but still below the zero line. 4H Bollinger lower band at 1996 has been broken, price is trading below the lower band. Buy orders are stacking around 1965-1970, but the rebound momentum is very weak, each rally is quickly suppressed.
🎯Direction: short
⚡Entry/Order: 1972.0959 - 1978.0300
🛑Stop loss: 1997.8103
🚀Target 1: 1948.3595
🚀Target 2: 1933.5243
🛡️Trade management: - Execute strategy: reduce 50% of position after reaching Target 1, and move stop loss to breakeven. If price falls back into the entry zone, exit automatically to protect capital.
Depth logic: 1H RSI has entered oversold zone but no reversal pattern seen, funding rate is neutral at 0.0022%, open interest is stable with no signs of short squeeze. Although buy orders below are thick, there is insufficient buying pressure, and bears are in control smoothly. After this low-level sideways consolidation, a rapid decline is highly probable, risk-reward ratio is acceptable.
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