u姐 7.23 BTC morning strategy

ETH follows BTC’s move. After a high test where it faced resistance, it then traded sideways and weakened. Bullish upside momentum is clearly fading, and in the short term it will follow BTC into a pullback cycle.

Resistance zone above: 1938—1945. Wait for a rebound to enter the zone and look for delayed/hesitation signals before placing short orders in batches.
Defensive stop-loss: 1970. If price holds and breaks through the resistance band, the short thesis fails—exit in time.
Targets: first look at 1920. Once reached, prioritize reducing half the position; the remaining exposure will look toward the 1908 support.

Market is highly correlated with BTC. If BTC strongly rallies again, be cautious about shorting. Derivatives volatility risk is high—keep position size under control. Every trade must include a stop-loss; don’t hold through losses.