July 2 — Evening Market for “Er Bing”

Short-term moving averages are flattening, the Bollinger Bands are narrowing, and the market is stuck in range-bound oscillation.
The short-term MACD golden cross has been showing red bars continuously shrinking, with bullish momentum steadily weakening. Any attempt to push up is likely to face resistance and fall back; the price action is completely synchronized with the BTC trend, making it hard to break out into an independent upward move.

Trading strategy: Before the non-farm data, place short orders in the 1640-1660 range, set a stop loss at 1690, and targets at 1590 and 1550; after the data lands, then follow through the move accordingly. #eth