Short-term morning analysis of ETH (short position idea)

Entry: Short near 1580
Target range: Target (1) 1560–1550 (reduce position and take profit first)
Target (2) 1548–1530 (after breaking the previous low, trade with remaining position)
Stop loss defense level: 1600

II. Market structure interpretation
Trend structure: After the price surged to a peak of 1610.44, it continued to turn downward, with long momentum at highs nearly exhausted, and the short-term trend turning from strong to weak; the price rebound was consistently capped by the middle Bollinger Band, with selling pressure continuously emerging from above, leaving longs unable to reclaim previous high levels.
Support and resistance: The previous low of 1547.00 provides some minor support, but only slows the decline, unable to reverse the short-term bearish pattern; technical indicators are showing expanding bearish signals, with bears dominating the short-term market.
Trading approach: Prioritize shorting on rebounds relying on the resistance above during the day, betting on continued pullback after the high.

III. Market risk warning
This decline is part of a larger-cycle bearish continuation; short-term rebounds are only temporary corrections. Short positions must strictly carry stop losses to avoid sudden violent upward breaks above resistance that could trap positions and cause losses. #ETH