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Tong Ge 6.5 ETH Strategy
$ETH Rebound to around 1770-1780 to enter the market, stop loss above 1810, first target 1700, second target 1650.
Yesterday's rebound, many people started calling the bottom again, but from a structural perspective, ETH is still operating below all moving averages, and neither the 4-hour nor the daily chart shows a true reversal signal. The current issue is not whether the decline is enough, but that capital is not flowing back in at all.
The more this kind of continuous decline followed by a rebound, the easier it is to trigger a bottom-fishing impulse. But the real bottom is never called out; it is created by the decline. Before the trend reverses, every rebound is more like giving an opportunity to the market head.
The market's favorite thing to do is to make most people believe in hope, then personally shatter that hope. #ETH跌幅超5%