#e Yesterday surged to $1,779 before sharply falling back to $1,724, and the daily candle closed with a long upper wick, indicating that the short-term bullish rebound may have ended.

· Strong resistance above: the $1,760 - $1,780 range. This is the “high-pressure zone” where the moving averages and the upper Bollinger band converge, with heavy sell pressure. If volume unexpectedly spikes and holds above $1,780, it could push toward $1,830-$1,850.
· Key support below: $1,700 - $1,720. Once it breaks below on increased volume, it may open further downside space toward $1,620**even** $1,590.
· Technical indicators: On the 4-hour chart, MA7 is still above MA30 and MA120; the Bollinger Bands continue to tighten (the midline is around $1,735). Volatility is contracting as it waits for a directional move to be chosen. RSI is around 42-43, and momentum is weak.
· Market environment: The ETH/BTC rate has fallen to around 0.027, and capital is clearly tilted toward Bitcoin. On-chain data shows large holders have a tendency to sell; TVL has fallen sharply, leaving a weak foundation for any rebound. btc#我的Gate交易时刻