July 8th Trading Ideas: Yesterday, ETH remained range-bound.

On the fundamental side, U.S. stocks opened lower and continued to decline, while prices were once boosted to rally higher. On the other hand, due to consecutive attacks on vessels near Hormuz, the U.S. military launched a new round of offensive strikes against Iran, hitting more than 80 targets with precision-guided munitions, in direct response to Iran's recent attacks on merchant ships navigating the Strait of Hormuz. The ceasefire agreement is unraveling, and the geopolitical risk premium is returning, causing prices to quickly pull back.

Technically: The 4-hour chart remains in a consolidation range following the uptrend wave. Excluding the upper and lower wicks, the current 4-hour core fluctuation range is 1809-1757. On the hourly chart, the expanding pattern has not changed either, with the maximum adjustment range being 1824-1703.

Therefore, operationally, the first entry point for long positions is when the price declines to around 1703 and then rebounds back above 1757; the second entry point, also the main entry point, is when the 4-hour candle closes steadily above 1809, or the hourly candle holds above 1824; and if the hourly price breaks below 1703, switch to a short bias. If there are trading signals later, I will share them as soon as possible.