7/17 evening market view and reference ideas

Today, following the overall market, prices moved lower in sync; across all timeframes, trends are under pressure. The main approach is to wait for a rebound in price, then look for opportunities on the pullback. Only very small capital should be used to participate in short-term repair moves; it’s not suitable for large-position bets on a low-level rebound.

On the four-hour timeframe, price has fallen below the short-term moving averages; the moving averages have turned and are forming resistance. The volatility channel has opened downward. 1870 and 1900 are two clearly marked pressure zones. Downside support to reference is 1820 and 1819. On the one-hour timeframe, price has been persistently suppressed by moving averages; the channel overall trends downward. Each time there’s a minor bounce back to around 1850, it’s easy for the market to weaken again.

Based on various data, downside momentum is sufficient. During pullbacks, market participation is more active; during rebound phases, there’s insufficient follow-through of funds, and low-level absorption is relatively weak.

Reference range: If price rebounds into the 1845-1860 range, consider watching for exit opportunities. Risk protection should be set above 1900. On the downside, you can sequentially watch 1820, 1780, and 1750.

Warm reminder: This is an objective exchange of views based only on the market chart. The market is experiencing large fluctuations—view the trend rationally, manage risk yourself, and do not concentrate large amounts of funds to bet on the move. #ETH