Brother Tong 6.25 ETH Thoughts

$ETH Enter short at 1630-1650, stop loss above 1670, first target 1600, second target 1550

Yesterday it broke through 1600, hitting a low of 1551, then rebounded to a high of 1629. A bounce after such a drop is not a reversal, but a normal recovery after a sharp decline.

The issue is that the recovery is not strong enough—it didn't even touch the upper half of yesterday's bearish candle, and there are no signs of capital flowing back. Structurally, the moving averages continue to press downward, and the resistance zone remains unchanged. The probability of continuing to move down after the recovery is much higher than a direct turnaround.

Don't think it's the bottom just because of a bounce. A true bottom cannot be confirmed by a simple rebound after a drop. Before the market provides a new structure, continue to respect the original direction. #BTC下探60000美元关键关口