7.17 THENA: Tracking BTC as it weakens together, prefer rebound first to look at $ETH

#美军结束对伊朗新一轮打击
Entry: Rebound near 1880, watch 1850-1800; stop-and-grab with 1900; look at 1840-1800

BTC has shorts suppressing all moving averages across the board, and the downward channel is opened. THENA, with high-volatility characteristics, during the stage when the big market is weak, the drawdown often exceeds BTC, making it hard to sustain an independent uptrend. Each rebound is accompanied by funds exiting. The short- and mid-term moving averages are turning down in sync, and price keeps running below the moving averages. When rebounds touch the moving averages, it is pressured and falls back again. Without incremental capital entering to take over, the current rebound is only a weak repair during the downtrend; there is no stop-the-fall and reversal signal