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The new week has started, and as speculated last Friday, there are still new highs.
Currently, the price has broken through 1723; whether the four-hour downward trend has ended needs further market action to confirm.
At present, the 15-minute central zone upgrade from 1652-1690 has been broken through.
In the short term, the 1723 four-hour support/resistance line is near the boundary.
A brief five-minute central zone upgrade from 1714-1726 has formed; this central zone can be seen as an extended A central zone.
If it falls below 1708, it will be invalidated.
If it falls below, the five-minute chart needs to upgrade again, indicating a rebound above 1690 to look for a three-buy setup (if this occurs, the approximate position is around 1698, plus or minus 4).
The correctness of the judgment still depends on the breakout of 1726.
After breaking through, participating in the trend must have a cost advantage; otherwise, it’s easy to sweep positions back and forth. $ETH