7.25 Auntie: A sideways range isn’t the bottom—go short on rebounds first

$ETH Entry: around 1880-1900; watch 1840-1800

The market is currently in a clear bearish downtrend continuation phase: both short- and long-cycle moving averages are diverging downward, price continues to trade below the moving averages, and there are no reversal signals in the short-dominated structure

After the earlier large bearish candle broke down, the price closed several small-bodied K-lines at lower levels in a narrow-range consolidation. This is a pause and accumulation of strength for the shorts during the downtrend, not a bottoming-and-rebound move. The longer the consolidation period lasts, the more fully the downside breakout momentum is accumulated #布伦特原油重返100美元