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ETH Market Analysis:
Week / Daily / 12H in the medium to long-term large cycle, the bearish trend has not reversed; 4H/1H short-term rebound peaks and falls back, 15/5/3 minute all show short-term bearish resonance, currently in the end of wave B rebound and the early stage of wave C main decline, the entire cycle mainly bearish resonance, small position short-term long bets for technical correction.
Rebound short: 1827-1835 first take profit at 1802, reduce position by 30% second take profit at 1764, reduce position by 20% moving stop-loss to break even, betting on the previous high at the top of this rebound, rigid stop-loss at the previous high.
Backup short: 1764 first take profit at 1727, reduce position by 30% second take profit at 1688, reduce position by 30% moving stop-loss to break even, betting on trend, rigid stop-loss at 1815.
Entry conditions:
15-minute K bearish patterns: dark cloud cover, engulfing, long upper shadow shooting star, high-level doji star
Long position betting: 1764 stop loss at 1760, take profit at 1812, trend not traded in the betting position.
Personal opinion only for reference, not a recommendation, profit and loss at your own risk!