7.12 THENA: High-volume at the top signals a peak; on rebounds, short first

$ETH
Entry: around 1820-1830; stop around 1850; target 1780-1750-1700

Pattern confirmation & sell-pressure: On the 1-hour timeframe, price surged to 1829.52 and then quickly fell back, forming a short-term double-top suppression; sell-off is accompanied by expanding volume, rebounds show shrinking volume—this is a typical signal of profit-taking liquidation at high levels; long-side follow-through is clearly insufficient

Volume divergence signals: At the end of the up move, volume keeps shrinking, and there’s weak willingness among funds to chase higher; during the down phase, volume expands significantly, with clear signs of capital exiting at high levels; after rebound repairs, it’s likely there will be a second dip

Correlation + weekend effect: BTC weakens in tandem at high levels, and major coins are under overall pressure; combined with weekend liquidity tightening, large funds tend to take profits—the downside pullback offers far better risk-reward than chasing longs