Brother Tong's ETH 7.2 Strategy

$ETH Go short near 1630-1650, stop loss above 1670, first target 1600, second target 1570

ETH rebounded to 1645 last night, with a slightly stronger recovery amplitude than the past few days, but overall it has not clearly broken out of the range structure.
It should be noted that the decline of ETH itself in this round is not significant, so currently it is more of a "repair + volatility expansion" rather than a trend reversal after a deep drop.
The price pulled back near the resistance area, indicating that the support at this level remains short-term trading-oriented, more of a speculative game rather than sustained trend capital inflow.
Overall, the moving averages still exert pressure, volume has not significantly increased, and the nature of the rebound is still repair rather than reversal.
Many people easily mistake such a repair for strength, but true strength is not about how much it rebounds, but whether it can hold steady.
The market now is not about direction, but about whether there are still people willing to buy higher after the data comes out.#非农数据倒计时