7.23 THENA: The push higher then pullback is clearly under pressure; any rebound is a layout for a “sell”/short opportunity



$ETH
Entry: around 1940-1960; place the order to target 1900-1850. If you want to do “duo” can stabilize around 1880.

After the price surged to 1958 at the stage top, it quickly dropped and pulled back; it closed in consecutive bearish candles and broke below short-term moving-average support. The high-volume but stalled rally signal is clear. Bullish rebound momentum is clearly exhausted. Short term has officially entered a pullback cycle. Today’s core approach is to look for a rebound to do “sell” as the main focus. On the 4-hour timeframe, the short-term moving averages have turned downward, forming resistance. After the price pushed higher, bull-side follow-through is weak; signs that funds are exiting at high levels are evident. The overall pullback structure has been gradually confirmed. Do not blindly bottom-fish and go long now; taking a rebound “sell” setup offers the best cost-effectiveness #BTC突破66000美元
ETH-0.28%
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