June 29 | Li Jingyue | “Er Bing” Trading Idea

The 4-hour chart trend is clear at a glance. The previous high at 1779 formed a double top with heavy pressure. The market kept sliding, probing down to the 1510 low. During the weekend, it remained weak throughout, trading in a narrow sideways range. The small rebound had no real capital follow-through, showing a standard bearish continuation pattern. The current price at 1568 is under pressure from the short-term moving averages; the Bollinger Bands are opening downward, suppressing the price. The bulls have no momentum to mount a counterattack.

Today, when the price rebounds to the 1585-1600 range, position directly for a short. The first downside target is 1550. If there is an effective break, it will directly look toward the prior low of 1510#美国年度净资本流入创8840亿新高 #ETH #BTC $BTC