Tong Ge 6.7 ETH Strategy

$ETH Current price around 1595-1620, enter the position near the bottom, stop above 1640, first target 1560, second target 1530

Yesterday's volatility didn't change anything, the market attempted a rebound but the momentum was clearly insufficient, still being suppressed by short-term moving averages, no reversal confirmation signals appeared on the 4-hour chart. Funds are still on the sidelines at this level, with no substantial capital inflow actions.

This kind of low-level grinding movement is most likely to create the illusion that "it won't fall anymore." But the true bottom won't look like this sluggish movement; it will either see a volume surge causing panic selling or a prolonged sideways accumulation. Neither of these conditions has been observed so far.

Until a clear reversal structure appears, all rebounds should still be considered as corrections within a downtrend. Follow the trend, avoid catching falling knives, the market is notorious for various bottom-fishing traps. #比特币ETF单日净流出7272枚