Wednesday Morning Auntie Tai Jing Yi's Thinking

Currently, Ethereum is at the bottom after a full day of deep decline and rebound, and is now in a short-term oscillation adjustment phase following the rebound; the Bollinger Bands are opening upward, indicating a mid-term trend leaning towards recovery, but short-term indicators are collectively weakening, suggesting a need for a pullback to gather strength.

The three lines of KDJ are turning downward, entering a short-term correction zone, with short-term momentum being relatively weak. The MACD red bars are slightly shrinking, indicating that bullish momentum is waning but has not reversed into a bearish trend.

First resistance: 1839-1860
Second resistance: 2000 round number

First support: 1746
Second support: 1680-1632

Trading Suggestions:
Auntie Tai pulls back to stabilize around 1740-1750 to establish a long position, targeting 1820-1850, with a stop loss below 1720.
If it directly rebounds to 1840-1860 and faces resistance without breaking through, consider a short position with targets at 1760-1746, and a stop loss above 1870.

If it breaks below 1746 midline by 3 points: it indicates a trend reversal to bearish, and the trend should follow towards the 1680 level. #我的Gate交易时刻