Brother Tong's 6.4 ETH Strategy


$ETH Rebound to around 1780-1800 to enter a position, stop loss above 1820, first target 1700, second target 1680
After the daily chart breaks below 1900, the decline accelerates, all moving averages diverge downward, indicating the market has shifted from consolidation to a bearish dominance. Yesterday at 1892, today it directly hit the low of 1712, showing that the main trend completely controls the rhythm.
On the 4-hour chart, each rebound is weaker than the last, although there was some support and a rebound around 1712, the volume couldn't keep up, and the rebound seems more like giving the main trend a position.
The biggest characteristic now is:
Volume increases during declines, volume decreases during rises.
This is not a bottoming process, but a typical downtrend continuation.
ETH-4.24%
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