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Near 1690-1710 for the second candle, watch 1650-1600, defend 1730
Currently, ETH is in the "oversold rebound" stage, still overall in a bearish dominant downward channel.
The four-hour trend belongs to the "break below the lower band followed by a volume contraction and a rebound to the middle band," which is a typical weak recovery structure.
The current price is attempting to approach the middle band, but the rebound volume is significantly lower than the decline phase (OBV indicator has not risen in sync), indicating no major funds are participating in the rebound.
Before the CPI data on June 10th, large funds tend to reduce leverage and decrease holdings.
At this time, it is difficult for the Bollinger Bands to have a trend breakout, more likely to maintain oscillation and decline between the lower band and the middle band. #分享美股交易赢英伟达股票 #比特币回升5%