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7.17 Wang Ye early-day “bingbing” thoughts
Entry range: 1880 - 1900 (when the rebound hits resistance, try a light short; wait to enter in batches above 1880)
Defense “stop-sun”: 1930 (if it breaks the recent consolidation high near 1946, exit immediately)
Take-profit targets:
First target: 1830
Second target: 1790
Core logic: The attempt to push up near the 1946 prior high lacks strength. After failing to break into new highs, the price action turns into a continuous, slow drift lower. Bearish momentum keeps being released on the chart, and the strength keeps increasing. The sell-off rhythm is consistent and shows no signs of slowing. Even if there are occasional small rebounds during the session, they are only weak corrective recoveries—bulls lack adequate follow-through, with no signals of a bottoming out or stabilization. Overall cycle resonance turns weaker; bears control the market rhythm, so following the trend and shorting is the main idea. #eth