7.1

Near 1575-1580, lightly enter a “two-bing” long test, stop loss 1555, targets 1595/1610;
Above, wait for an opportunity to reverse and control from the 1610-1625 range, stop loss 1640, targets 1585/1565.

From the 1550 low, the market rebounded back to 1579. On the 4-hour timeframe, it has had a rebound move, but the recent highs are gradually trending lower—if 1595 cannot be broken, it will fall back, indicating insufficient confidence from the longs. The AVL average at 1581 is just pressing on the price; the short-term moving averages above form a resistance band.

For the day, first look for range-bound movement between 1565-1595. Only if there is a breakout above 1595 on increased volume will there be a chance to look at 1610. A rebound on reduced volume back to the resistance area is likely to get pushed back.

For a short-term “two-bing” long, you can try a light position; when it reaches the 1595-1610 area, reduce and exit. For a reverse-short controlling trade, wait until there is a signal above 1610 before taking action. $ETH #Sharplink增持1万枚ETH