Short-term ETH market analysis

Entry: Short near 1710
Target range:
First take-profit🦅: 1690—1680 (reduce half position first)
Second take-profit🦅: 1675—1660 (exit entirely after breaking the support level)
Stop loss: 1720
Market logic
After hitting a high of 1718.39, the price turned and continued to decline, with highs gradually lowering. On the 15-minute cycle, bullish momentum has completely faded. The price is under pressure below the middle Bollinger Band, which is at 1697.77 and forming continuous resistance. Every small rebound triggers a flood of selling.
The level 1691.30 is the starting low of this rally and a key support. Bulls are unable to reclaim the previous high range. On the smaller cycle, a weak oscillating structure of topping and falling has formed, with the rebound space tightly compressed.
Trading idea: Short on bounces around the middle Bollinger Band resistance, follow the downward trend, no bottom fishing or going long.#ETH