7.24 Biscuit $ETH short analysis

Entry: 1890 - 1910 short
Defensive stop-loss: 1925
First target: 1860 - 1870
Second target: 1850 - 1858
The Biscuit has repeatedly bounced from higher points and steadily moved lower overall, forming a step-like downward structure. In the short term, the rebound momentum continues to shrink; at this stage, any rise is only weak corrective repair after the drop. Bulls do not have enough momentum to reverse the weak market conditions.
1890~1910 is a key short-term pressure zone. A lot of trapped long positions are piled up here, and once the price comes into the range, it’s likely to see selling pressure and position exits. As long as the market can’t increase volume and hold above 1925, the downtrend won’t be broken. If the rebound reaches the pressure zone, place shorts in batches and play the pullback down in line with the weak pace of the market. #布伦特原油重返100美元