Today, the second coin experienced an accelerated breakdown decline, with the price quickly diving from the intraday high of 1812 to a low of 1748, a short-term drop of over 3.5%, as bearish momentum was concentratedly released. The current price has touched the lower Bollinger Band, showing oversold signals in the short cycle, and a technical rebound is likely to occur for repair.

In the short term, bears dominate, with the rebound resistance level looking at the 1780-1790 range (breakdown platform + middle Bollinger Band). After the rebound, there is still downward inertia.

The key support below is in the 1740-1750 range. If it is effectively broken, it will further test the 1700 integer mark.

In terms of operations, a short-term bearish approach is taken. Bottom-fishing needs to wait for clear stabilization signals at the support level.

Short around 1770 or earlier in the early morning.

Stop loss at 1820, take profit at 1710-1700.

Specific operations should be based on actual data, adjust according to the situation at any time, follow the trend, and not be attached to fleeting gains. $ETH