7.23 Two-pancake $ETH short analysis

Entry range: 1934 - 1950 short
Protective stop loss: 1958
First target: 1924 - 1928
Second target: 1914 - 1918

In the early stage, the two-pancake rallied to 1958.75, forming a local stage high point. Subsequently, the rebound highs kept declining, and a short-term cycle constructed a ranging downward channel. Each rebound’s volume kept shrinking; any recovery is only weak repair during a decline.

1934–1950 is a wide pressure zone. The earlier dense trading area piled up a large amount of trapped selling pressure. The long side’s offensive momentum continues to fade. If the price cannot rise with volume and hold above the 1958 line, the downside structure will not be broken. Wait for the rebound to reach the pressure zone, then set up short positions by gradient and ride the continuation to bet on the pullback. #GOOGL财报亮眼但盘后跌超3%