ETH 7.14

First trade 17:32
Short around 1795
Profit at 1775
Loss at 1813
Personal suggestion only for reference

Trading idea ① Yesterday’s drop filled the gap from the previous up move and formed an inverse segment, indicating that the rally from the previous high of 1846 cannot be replicated in the short term anymore. We are still in a range-bound period. ② Yesterday’s drop bottomed near 1846, then consolidation formed, and as it pulled back during the subsequent decline, the price returned to the upper edge of the lower consolidation center. The failure of the third sell on the way down indicates there is support beneath 1740, so the price cannot easily break down in the short term. However, the 90–95 area above is the lower edge of the consolidation that formed at the end of the previous up move. Based on the current structure, 1746 formed a buy-in behind the drop/behind-the-trend (盘背后的一买). And after breaking above the prior down-consolidation center’s upper edge, it completed a secondary-level downtrend structure. The retest could not enter the center, forming a third buy, but during the construction of the second consolidation, the overall MACD showed divergence. The price-volume divergence slope is becoming increasingly mild, indicating overhead selling pressure. The next move is therefore very likely to turn from small to big downside, or to exit via a weak-disconnect segment. So the conclusion is that the bearish side has the upper hand, and you should enter a short at the pressure level of the prior mid-consolidation lower edge.