7.17 $ETH Biscuit: Long Idea

Entry: 1835 - 1845 for long
Stop-loss / Defense: around 1829
First target: 1860 - 1868
Second target: 1875 - 1880

ETH, after the stage high at 1879.94, started a continuous one-sided downtrend. After the short side’s force was concentrated and released, short-term indicators fell into a deep oversold state. The price continued to probe lower, fully consuming the bearish selling momentum. The lowest test reached the 1842.35 low. Below, in the 1835-1845 support zone, buying/long-position funds gradually appeared and moved in to take over, showing strong supportive “bottoming” effects. On the daily timeframe, the overall long-side structure over the medium-to-long term has not completely reversed. On shorter cycles (5-minute and hourly), the RSI and KDJ indicators are all in oversold ranges. The selloff/“bearish dump” downside room for this round on the short term is basically already realized. Selling pressure on the board is gradually exhausting, and there is a technical need for a rebound and a K-line pattern repair.

With sufficient defense strength in the lower key support zone, unless there is a sudden major negative news that keeps pressing down, the price is difficult to effectively break below support to continue deep selloff. The room for this round’s rebound and upward move has already been gradually opened. Therefore, set up staged accumulation on pullbacks at lower levels and staggered take-profit zones. Today’s core trading approach is to stick to the “pull back, hold firm, and then go long” idea—build long positions in batches based on the lower support zone, and time a short-term rebound by following the rebound rhythm after bearish momentum exhausts. #USDT充值理财双重奏