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Sister Yu 6.19$ETH Strategy
Yesterday, Ethereum continued to decline from its high, with a significant drop, and all previous long positions were trapped. The current price has rebounded, but this is more of a technical relief after being oversold rather than a trend reversal, and overall it remains constrained by a bearish structure.
For the rebound, focus on the 1720-1740 range, and consider shorting opportunities.
The lower targets are sequentially 1680, and if broken, then 1600.
In terms of correlation, ETH and BTC are moving in sync, and the intraday strategy remains mainly to short on rebounds. Keep your defenses in place, patiently wait for entry signals, avoid chasing shorts, and do not bottom-fish.
Wishing you successful trading!📉