7.11 Tia Tai: Linked pressure, struggling to push higher; in the short term, bias slightly bearish to look for a pullback

$ETH
Entry: around 1805-1820, place orders near #美伊战争阴云再起 ; see 1835; look for 1765-1700

K-line sell pressure confirmation, the recent high initially formed: On the 1-hour timeframe, a long upper shadow with a bearish engulfing candle closed around 1811.23, accompanied by an expanded volume, which is a typical “spike-and-top” signal. Above, profit-taking and trapped positions are concentrated for selling. The long side lacks sufficient follow-through; in the near term, it’s unlikely to directly break through this resistance level. The stage high of this rebound is basically shown

The rebound lacks volume and fails to hold, ranging sideways with weakness: After the pullback, the sideways consolidation repair lacks volume support; price never steadies above the 1800 psychological level, which is a weak consolidation pattern. The rebound strength of the bulls keeps weakening; if it drags without breaking higher, the probability of a downward pullback will continue to increase

Heavy mid-term pressure, no reversal yet: Overall, it’s still in the rebound/repair phase after the daily chart decline. 1810-1830 is the earlier dense成交 trapped zone and a key pressure band for the mid-term downtrend. Without a breakout with volume, the rebound carries the risk of ending and pulling back at any time