7.9 Morning “Er Bing” Analysis

Analysis: Do the range trade around 1750–1770, look at 1720–1680; defend with 1790.

Heavy sell pressure overhead; short-term bounces are the main focus before the price line is reclaimed. The key support below is at the prior consolidation mid-zone. If support breaks, the market will further probe lower in search of a bottom. The market continues to digest expectations of tightening from the U.S. Federal Reserve, with a lack of incremental capital on the exchange; sentiment is dominated by watching from the sidelines. With no major bullish catalyst to trigger the move, the market maintains a weak sideways/oscillating pattern, making it difficult to break into a sustained rebound. #美终止对伊朗石油制裁豁免 $ETH