7.15 Morning Two-Bing Analysis

Analysis: Around 1880-1900, set up trades using the “gong” approach, targeting 1850-1800, and defend 1920.

Last night’s CPI data came in below expectations, which was a short-term positive catalyst and directly pushed the price higher, surging into the 1896 high. After the bullish news was fully realized, funds concentrated to take profits and exit. From a technical perspective, after the price surged to the highs, it turned downward; short-term moving averages shifted from support to resistance. A continuous rally accumulated a large amount of profit-taking sell orders, and bullish momentum clearly showed signs of exhaustion. The candlesticks continue to close bearish, rebounds lack strength to return to the prior high, and sell pressure above keeps being released. In the short term, there is a need for a pullback to allow for repair. If the rebound rises into the moving-average resistance zone, you can short accordingly #PreIPOs第二期OpenAI认购 $ETH ‌