#GateStocks7x24Trading Total settlement worth one billion dollars on Ethereum! Life-or-death disaster at 1700, will it retreat or sharply decline?

Wan's opinion: A short-term corrective rebound after excessive selling, but the medium-term downtrend remains unchanged, and the fate of buying or selling is determined at 1700.
The black geopolitical event sparks panic; Iran-U.S. negotiations fail, the Nasdaq and Bitcoin indices decline rapidly, and Ethereum drops to 1700. Settlement charts show that breaking 1649 triggers a settlement of over 4.8 billion, and below 1634 adds another 4.54 billion, turning 1700 to 1650 into a graveyard for bulls.
The relative strength index is above the oversold level at 25, indicating a need for a short-term rebound, but the ETF has been continuously draining for 12 days, and on-chain activity has halved, putting pressure on the medium-term downtrend.
1730 has become a new pressure point, and the rebound will only be a double kill.
Wan's trading tips:
Light sell at 1725-1730, target 1700-1690, and if broken, watch 1680.
Stability between 1693-1710 could be a small opportunity to bet on a rebound, with a target of 1735-1750.
Large geopolitical changes: if 1700 is broken, deterioration will occur; if not, there will be a pause.
The market hangs on the edge—do you bet on a rebound or follow the settlement flow?$BTC $GT $ETH