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From the afternoon of 7.17 to the evening session, intraday
1870 breaks: the intermediate-term longs fully decouple; a complete position is valid and has broken down. Current support has turned into resistance. In the short term, bullish momentum is weakening.
Ultra-short support at the current price: 1802-1907; this is the current important bottom. Holding it = a signal of short-term stabilization after a pullback. It can be viewed as a rebound buy zone.
Short-term support: 1780-1790. If it falls further, this is the buffer area ahead, where there is a dense cluster of prior lows.
Daily / medium-term support: 1740-1760. Daily moving averages; this was the earlier long structure level and the final defense line for the medium-term longs.
Short-term resistance: 1830-1840. After a breakdown, this is the first pullback resistance zone; yesterday’s low has been converted to this level.
Key resistance: 1870. Yesterday’s important structure; it has now turned into strong resistance.
Higher resistance: 1920-1945. A dense area of prior highs; overbought pressure.
Weekly-level resistance: 1970-1990. The upper edge of the ascending channel, and also an important psychological technical trigger just below the 2000 integer—an excellent opportunity to short from above.
Price is currently weak for the short term, with the medium-term structure being tested. After 1870 is effectively broken, the move likely falls all the way to around 1805. Short-term bears are dominant. The current price still has some buy support. The key area for the evening session is the gain/loss around 1805.
Hold: stabilize and rebound, repairing back to 1830-1870
Breakdown: the pullback strength deepens, looking down to 1780-1760
Plan:
Longs: near 1802-1807, enter a small position to buy. Stop loss 1795-1800. Take profit 1 at 1830-1840, second at 1870.
Bears: 1830-1840 rebounds and meets resistance; enter a small position to short at a high level. Stop loss above 1845. Targets 1802-1780. Breakout breakdown follow-through #USDT充值理财双重奏 $ETH