7.28 Ether Queen: Duotou’s attempt to push higher is faltering, and the bearish trend is gradually becoming clear

$ETH Entry: around 1890-1900. Place buy orders near 1930, watch 1850-1800. If you want to do Duotou, you can wait for 1840 to stabilize before going long #CLARITY法案进入最后关键阶段

After the price spiked up to 1982 and then hit the high, it came under pressure and fell back. It then printed consecutive large bearish candles; the bulls’ momentum to press higher has completely exhausted. A clear “pressure-and-pullback” pattern has formed at the high level. The price has been falling from the upper Bollinger Band all the way, and it has already dropped below the Bollinger middle band. The uptrend has ended, and the market has switched to a downward setup.

After the spike, the bulls are unable to keep making new highs, and sell pressure continues to release. Even if a rebound appears in the short term, it is likely only a repair during the downswing, and it will be difficult to challenge the previous high again. The main BTC market is weakening in sync as well, and the chart is moving together for further downside pressure, further suppressing Ether Queen’s rebound strength