XingGe Says Crypto 6.30 $ETH Trading Forecast

Title: Fake Bull Trap Luring Longs, Staying Out Is the Best Strategy
Short Position: 1590 – 1600 Stop Loss: 1615
Long Position: 1550 – 1565 Stop Loss: 1535
Take Profit Targets:
First Target: 1575
Second Target: 1550
Morning session surged to 1595–1600 (as shown in Figures 2 and 3), but volume dropped sharply (Figure 4 VOL only about 60k lots, far below the 160k+ at the previous high of 1637), a typical "volume-less bull trap";
Bollinger Bands continue to tighten, price repeatedly tests the 1590–1600 resistance zone but fails to hold, MA5/10 death cross suppression is evident;
News: The June 30 CCTV News program emphasized "preventing financial risks" without mentioning any positive news; although there are no new military conflicts in geopolitical tensions, the risk of Israel restarting operations in Gaza is rising, and funds continue to flow out of risky assets;
ETF Data: ETH spot ETF has seen net outflows exceeding $140 million for 4 consecutive days (Bitwise + Grayscale + BlackRock combined), institutions are firmly selling above 1600.
Now is not the "time to go long", but the "time to avoid traps". If the price quickly rises above 1600 during the session, be wary of main forces using the news to reverse and dump.