7.17 Pancake Morning View

All size-cycle moving averages are synchronized and suppressed by the bears. In the early morning, a large drop probed the bottom at 1845 with a small recovery and rebound. Overall, the downward trend has not reversed. The strategy is mainly to sell rallies under resistance in the high area; in the low area, only use a small position to go long briefly to bet on oversold rebound and repair—do not chase longs with heavy positions!

MA5, MA10, and MA20 are all aligned downward with bearish formation. The current price 1867 briefly stands above MA5, but MA10 and MA20 above form dual resistance. If the rebound reaches the 1878-1880 moving-average zone, it is very likely to stall and fall back; in the short term, all moving averages suppress the longs throughout, making any rebound height easily limited!

The Bollinger Bands are continuously opening downward. Price is trading near the lower band. 1900 at the upper band and 1882 at the middle band are strong short-term resistances, while 1845 at the lower band is support for the low point of this round of decline!

Trading suggestion: Sell/short on rebounds at 1880-1890, targets 1830, 1800, 1780! #美军结束对伊朗新一轮打击 $ETH ‌