7.25 two rolls of cake $ETH

Short-selling idea

Entry: short from 1865 to 1875
Defensive stop-loss: above 1874
First target: 1852 to 1848
Second target: 1842 to 1836

Before the two rolls of cake, it has been steadily falling from the 1885 high point. After a big drop, it entered a low-range consolidation and recovery phase. The strength of the price rebound has remained weak; after multiple attempts to push higher, it repeatedly failed to break through the overhead resistance. Bullish momentum is clearly insufficient.
At this stage, it is merely a technical consolidation and recovery following the decline; the trend has not reversed. There is heavy sell pressure in the overhead resistance zone, so the room for rebound is limited. Place short positions based on the resistance area to bet on the next round of downside move. #夏日创作营