6.21 Tuesday, Brother Hao's Evening Share

Ethereum's current round of daily chart rebound, hidden secrets within, is far from as simple as it appears on the surface.
The market seems to be gradually rising slightly, but the candlestick pattern has already revealed the true intentions of the main players.
The support zone between 1700-1720 is the core lifeline for this bullish phase. As long as the pullback stabilizes without breaking below, the bullish trend still has room to move upward.
However, do not think that the trend is stable enough to relax; the main players are likely to execute fake breakdowns and "golden needle" bottoming traps, with the market temporarily dipping to 1670, even 1630, before surging again. Such fierce trap moves are already common in Ethereum's market.

The intraday trading strategy is clear: when the price retraces to the 1700-1720 zone, focus on observing the support's effectiveness.
If the 1700 level is broken in a flash, do not panic; wait for low-level pin-point entries in batches, gradually entering at 1670, 1650, and 1630 levels.
The first key resistance on the rebound is at 1750.
Currently, it is not suitable to open short positions; around 1800 is an excellent ambush point for bears. Be sure to strictly control position sizes when entering.
The sustainability of this rebound is still uncertain; main players are likely to first push higher to harvest shorts, then reverse the trend.
Currently, trading volume is gradually decreasing, and a trend reversal window is approaching. Holding the 1700 level is crucial; the direction of the bulls and bears will soon become very clear.