7.21 Biscuit Analysis

Analysis: Short the 1910-1920 range, target 1870-1840, defense 1940.

The US Federal Reserve is in a policy decision blackout period, and persistent high interest rate expectations continue to weigh on risk assets. The amount of incremental capital flowing into Ethereum remains limited, insufficient to break out of a sustained uptrend. Today, there is no important news catalyst, and price action depends entirely on technical fluctuations. 1917 is the high point of this phase. After the bulls pushed higher, they closed with a long upper shadow, and upside momentum clearly weakened. In the short term, moving averages gradually flatten and start to turn, continuously limiting the space for a rebound. Below, 1841 is a key prior support. With the short side increasing volume, there is room for a breakdown and further downside.#GUSD年化升至3.8% $ETH ‌