7.16 Chenye evening two-bing analysis

After the two-bing surged high in the early stage, the technicals have already shown signs of a top divergence where upward momentum is fading, along with a lack of sustained inflow of new capital from outside the market. As liquidity increases in the evening, the long-versus-short battle will enter an intense phase. The order book is likely to maintain a range-bound, sideways structure. During this period, fake breakout moves are very likely to occur. Everyone is advised to stay calm and avoid blindly chasing rallies or cutting at lows!

Evening trading reference:
It is recommended to patiently wait for the price to pull back to the 1860—1840 zone, and then consider entering long positions at a low level. The upper targets are 1900—1950. #ETH站稳1900美元