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7.7 ETH: Following the trend of deep V weak rebound! Riding Bitcoin's wave, go short directly on the high
$ETH
Entry: Short near 1810-1830, stop loss at 1850, target 1750-1700
Last night, Bitcoin's violent V-shaped reversal drove the entire market to rebound. ETH also bottomed out synchronously and was passively pulled up, reaching the resistance zone of 1800-1830 at most. However, the volume did not expand simultaneously. The essence is that funds are taking advantage of market sentiment to push up, not a trend reversal driven by its own fundamentals.
Currently, it is under pressure and falling back below the 1800 level, indicating heavy selling pressure from trapped positions above this level. Short-term bullish momentum has rapidly declined. It is likely to undergo high-level consolidation during the day to digest profit-taking, and it will weaken before Bitcoin.
#Vitalik公布精简以太坊路线图