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Wednesday, 6.3 ETH Afternoon Strategy
Today, the mistress dipped to around 1815 in the morning and then rebounded slightly, reaching a high of around 1885 before facing resistance and falling back. Currently trading around 1870. Although there is some technical correction in the short term, the upward momentum is clearly insufficient, and selling pressure at high levels has re-emerged. The overall bearish pressure structure has not changed.
The 4-hour continuous bearish candles broke below, with moving averages in a bearish alignment. The hourly rebound to 1890 showed indicators weakening again. The 1900 key resistance level is effective, and bullish momentum is exhausted. Expect continued resistance or further downside during the midday. Any rebound is a chance to short, and a short-term bearish pattern has formed.
Operation suggestion: Short near 1885 on rebound, target 1845, and if $BTC broken, see 1825.