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7.28 BTC strategy and operation suggestions
The current price of ETH is around 1,885. The market structure is still dominated by the bears, with BTC weakening in tandem. After the earlier upside was met with resistance, price continued to fall, and after a short-term drop it entered a low-range consolidation and repair phase. The rebound momentum is limited—it's only a short-term pause following the decline. The short-term trend remains under pressure, so it’s not advisable to blindly bottom-pick. First, set up shorts based on the overhead resistance, while closely watching the support levels below. If support breaks, it will open up further downside room.
Operation suggestions
Place short orders in the rebound range of 1,915–1,935
First target: 1,860–1,840
Second target: 1,805–1,785#直通IPO第二期JerseyMikes $BTC $ETH