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Double Pancake is highly likely to fluctuate between 1620-1650 in the short term today. If it can rebound to 1650-1660, consider entering a high-level position.
Entry: Short in the 1650-1660 range
Stop loss: Above 1670
Target: 1630 → 1610
1650-1660 is the dual resistance zone formed by the 4-hour midline and the lower edge of the previous platform, making short positions with a favorable risk-reward ratio. The support at 1610 is a recent key level; pay attention to whether it breaks downward with increased volume upon first contact. If clear signs of a rebound appear near 1610, partial profit-taking on short positions is recommended; aggressive traders can hold a small position to attempt a rebound. Overall, maintain a range-bound approach, avoiding chasing highs and selling lows. #ETH