ETH Short-term Morning Analysis

Entry: Go long near 1560
Target Range: Target (1) 1598–1610 (reduce position first to take profit)
Target (2) 1620–1632 (after breaking short-term resistance, remaining position to speculate)
Stop Loss: 1530
II. Interpretation of Market Logic
Trend Structure: After testing the low of 1530.00, the market staged a recovery rebound, with sell-side pressure at lows fully released and short-term downward momentum exhausted; price retested the Bollinger lower band support zone, with continuous buying support below, bears temporarily unable to make new lows.
Support and Resistance: Short-term resistance above at 1598 has some selling pressure, but it is difficult to reverse the short-term recovery bullish rhythm; indicators show oversold recovery demand, and short-term rebound has room for realization.
Operation Strategy: Today, based on the support below, go long on pullbacks, betting on the recovery rebound after oversold conditions.
III. Market Risk Warning
This rebound is only a phased recovery after a sharp drop; the larger cycle remains in a bearish trend. Short-term long positions must strictly have stop loss. If it breaks below the previous low of 1530 again, the rebound structure will be invalidated. Avoid deep entrapment.
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