7.14 Two-bet $ETH short analysis

Entry plan: short from 1800-1820
Stop-loss protection: 1840
First take-profit target: 1750-1730
Second take-profit target: around 1700

From the perspective of the larger-cycle structure, after ETH started a pullback from the earlier peak at 1848, the medium- and long-term moving average system has always maintained a downward-pressuring posture. The rally launched from the 1751 low is essentially only a technical oversold rebound after a sharp selloff, not a reversal of the bullish trend. Each time the market repeatedly pushes upward toward key resistance zones, the volume and momentum fail to keep up consistently. The bullish candles’ bodies continue to shrink, and the visible strength of the bulls pushing higher keeps weakening. Chasing longs at higher levels has led to new positions getting trapped, and the combination of short-term dip-buying profit-taking and previously trapped high-level holdings will continue to cap upside room.

In conjunction with the BTC broader market, it’s not hard to see that after yesterday’s Big Cake rallied to a top, bullish funds broadly exited in large quantities. The overall bullish sentiment in the crypto market clearly cooled off, and major coins exhibit extremely strong correlation. Ethereum is unlikely to break out of an adverse bullish move on its own. This rebound has lacked the sustained entry of main incremental capital to prop it up throughout. Once price rebounds into the heavy-pressure zone of 1800-1820, if there is no breakout with volume to confirm strength, it will likely trigger concentrated profit-taking and selloff dumping, and the trend will most likely restart a downward pullback.

At the execution level, trade in line with the trend—prioritize setting up short positions to bet on a pullback. Below, closely watch the 1750 area as the prior breakout support. If this level is effectively broken through, the support structure from this round will be completely invalidated, and further downside room will open up. #Solana生态ANSEM暴涨