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7.24 Biscuit board layout
Direction: Continue the pullback; short-term bears have the upper hand, and rebounds should be handled mainly with control
Top: Around 1855-1860, stop-loss at 1840, targets 1885/1895;
Control: Around 1895-1900, stop-loss at 1915, targets 1870/1855.
The Biscuit yesterday surged to 1941 and then kept falling. Current price is around 1874. It has already broken below the MA(30) 1900 level. On the 1-hour timeframe, candles have closed red consecutively, and the short-term bearish structure is intact. Support to watch is the 1855-1860 support zone below.
1895-1900 overhead is a short-term resistance zone (near MA(7)). If a rebound reaches this area and fails to break through with strong volume, you can consider going short back at that point. If the 1855-1860 support zone cannot hold, downside room will open further, looking at 1830-1810.
Key range: 1855-1900$ETH #美国对60个经济体加征关税