July 22$ETH Market Analysis (with Long/Short Levels): 1 head and 2 lines—this is the key of the market!

In the current market, the main thing to focus on is when, on the hourly chart, the price can break through and close (with a real body) below the 1915 level. After the real body breaks, then look for a short position at that point—that becomes the right-side opportunity to short. This will form a 1-hour M top.

The first target is definitely to see near the green trend line (around 1880; no longs here—just observe). If this trend line is broken again, then look at the red trend line. After measuring, the key points are between 1825 and 1835. In the 1825-1835 range, there may be another attempt to go long, but only if the above hourly line breaks 1915 and, after it breaks the green trend line.

Ethereum’s mentioned 1965 and 1985 from yesterday didn’t come. The resistance above is still at 1985. Last night’s high at 1953 was relatively close to 1965, so if it comes again and someone wants to short, go to 1985 to look for it.

That’s all the spots you need to watch for in the current market—nothing else. If my analysis helps you, feel free to follow and give Ko Zong a free like—thanks, fellow B friends!👍