July 15 $ETH Market Analysis (with Long/Short Entry Levels): Focus on the formation of the 4-hour top model. Still, be careful—whether a pullback happens after retesting the key level, rebounds may follow!

Yesterday, the Ethereum long position that had been scaled out with an extended take-profit was already completed. The price reaction at 1810 that I mentioned yesterday happened right away—once it shot up, the long position was able to take profit at a higher level.

In the current market, keep an eye on whether the formation of the 4-hour top model will cause a pullback to the market during the day. As for how to do a right-side short: it depends on when, on the 15-minute chart, 1860 is broken down with a bearish candle body. After that, if price pulls back and then re-approaches and rejects this area, you can consider taking a short here.

If the pullback reaches 1822, and then 1805, the key support, look for a rebound from here. Today’s task is simply to watch when 1860 breaks. After it breaks, watch 1822 and 1805 for another rebound. Don’t go long early, and don’t go short early—wait for the price action to give us a safe signal.