7.27 B2$ETH short analysis


Entry: 1960 - 1980 short
Defensive stop-loss: 1986
First target: 1925 - 1935
Second target: 1905 - 1915
In the early session, B2 surged and hit an intraday high of 1966.97, then subsequent rebound highs gradually declined. Overall, it formed a structure of surging up and falling back, with a step-by-step pressure-driven downward move. In the short term, rebound momentum keeps shrinking. This rally is only a weak consolidation repair after the end of the upswing. Bulls lack sustained incremental capital, so it’s difficult to reverse the current pressured market.
1960~1980 is a major key resistance zone above. Prior swing highs and trapped-long positions are concentrated in this range. When price rebounds into the zone, it’s easy to trigger large-scale long take-profit and exits, with ample sell pressure. As long as the market cannot break down with volume and hold above 1986, the current oscillating and downward structure from the high-and-fall will not be disrupted. Near the resistance zone, short in batches on the rebounds and trade the pullback in line with the bulls’ weakening momentum.
ETH3.58%
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