July 7 Trading Ideas: The market fell first and then rose yesterday, with another pullback in early morning.

On the fundamentals, a series of US data yesterday all performed poorly, and after the data, ETH rebounded higher.

However, early this morning, the one-week agreement between the US and Iran to stop attacks in the Strait just expired.

Iran resumed attack operations, putting the memorandum of understanding signed less than three weeks ago at risk of collapse.

The US is likely to launch retaliatory strikes against Iranian targets.

This escalation could further complicate the negotiations aimed at ending the US-Iran war.

On the technical side, the hourly chart fell to the support around 1725 mentioned yesterday and then rebounded, but after breaking above 1808 and approaching the previous high, the market turned around, showing a broadening pattern adjustment.

On the 4-hour chart, 1808 was not effectively broken, and it is still in a range-bound consolidation, so the current market is still a continuation adjustment after an upward wave, with the main trading range being 1817-1725.

In terms of operations, still favor buying on dips, using the low of the broadening pattern as support. If the market falls to 1725-1710 and then rebounds and breaks above 1740, enter a long position, with stop loss below 1710, targets 1817, 1849, 1885.

If the market evolves into a new pattern and generates new trading signals, I will remind you at the first opportunity.