7.16 Wang Ye’er Bing morning thoughts

Entry range: 1890 - 1910 (current price around 1900, start a light position cautiously; focus on waiting for a pullback and stabilization near 1890 to add more)
Defensive stop-loss: 1865 (if it breaks below the Bollinger Band middle rail and the lower key consolidation support, cut the position unconditionally)
Take-profit targets:
First target: 1950 (pressure level near the 4-hour Bollinger Band upper rail)
Second target: 2000 (after holding above 1950, start the breakout and continue looking at the next integer level)
Core logic: With inflation data coming in, the macro liquidity environment is improving, providing bullish support for the price action. The long-term bullish structure remains intact; the MACD golden cross keeps bullish momentum going, and the RSI still has room. The short-term pullback after yesterday’s breakout with heavy volume is a benign technical consolidation. On the 4-hour and 1-hour charts, price is tightly oscillating around the Bollinger Band middle rail to build momentum. Currently it’s operating in the upper-mid rail area; once it holds above the middle rail, the trend foundation hasn’t been broken. A pullback will be a second opportunity to get in; afterward, it may break above the upper rail and further open up upside space. #eth