Tong Ge 6.8 ETH Strategy

$ETH Rebound to around 1700-1720, stop loss above 1740, first target 1650, second target 1620

Although there was a rally in the early morning, the market structure hasn't changed, and the price is still being suppressed by short-term moving averages. The 4-hour timeframe has not shown any effective reversal confirmation. This kind of rally is more like an emotional release, and the sustainability of capital inflow remains doubtful.

Don't get overly bullish after the rise. Those calling for a bull comeback now are the same group who called for zero a few days ago. After several days of decline without holding, they jump in at the first green candle of a rebound. This kind of operation is most likely to get hit from both sides.

Until the trend reverses, the rebound should still be seen as a correction, not a reversal. Stay steady, don’t let the market lead you around by the nose. #比特币回升5%