As predicted yesterday, the four-hour decline at 1723 indeed ended with a strong breakout.

The retracement of the entire move is tentatively considered a minute-level correction, and subsequent development still depends on market evolution.
Currently, after the fifteen-minute breakout, no effective trend type has emerged.
In the move involving correction, the key points are whether a new trend type is forming and whether the previous trend has been terminated.
For now, it can only be speculated based on intuition: whether the rebound has already ended, and if the oscillation between 1797-1760 has formed a valid downward trend.
Question point: During last night's fifteen-minute breakout and rally, there was no effective buy signal or bullish-bearish divergence.
The trend rebound was not satisfied, and it is suspected that the rebound has been terminated.
Currently, based on the resistance situation in the 1987-1796 range, it is to judge whether the fifteen-minute chart will form a new short position as time passes and the market digests the price.
If it cannot break through continuously, then the trend is a dead end. $ETH