July 9 $ETH afternoon analysis

Bollinger Band three rails values: mid rail 1765.01, upper rail 1809.10, lower rail 1720.91
The current price is located below the Bollinger mid rail. The mid rail has completed its attribute switch—from a support level in prior market conditions to the primary short-term pressure at the current stage. There is still downside buffer space before the Bollinger lower rail; 1720.91 is the key nearby support for this cycle. Only if the price body stands above the Bollinger mid rail will the bulls have the conditions to initiate a rebound to test the upper high; if it effectively breaks below the Bollinger lower rail, the retracement room will be further expanded. The Bollinger channel is narrowing slightly overall, indicating that in the short term, market action is likely to be dominated by range-bound consolidation, with weak one-way breakout momentum. Yifan’s personal suggestion: short around 1765-1810, target 1720-1680 #BTC #ETH #BTC走势分析 箜