7.28 Ethereum Flash Strategy

The first daily bearish candle, with the rebound reaching the 50% Fibonacci level, touching the middle band of the weekly chart.

You can regard this rebound as ending and then continue the decline. The first four-hour bearish candle is in place. It has already broken below the four-hour rising channel.

This week, focus on staying at the high side as much as possible. The Fed’s rate decision is on 7/29. The market is betting they will keep it unchanged, but oil prices surged, and inflation expectations picked up again. The Bank of Japan is on 7/31; last month it just raised rates to 1%, the highest in 31 years.

For shorting ETH, positions: 1881, 1919, 1948

Flash (SanD) daily short: the second bearish candle. The downward channel remains effective; you can watch the SAND daily longs. The first entry recently was suppressed by the shorts. Bearish momentum is relatively strong. The daily Bollinger Bands are opening downward.

For shorting SAND, positions: 1252, 1285, 1334

Avoid touching SAND around U.S. stock market open as much as possible—the volatility is too high.

Lighten the position size: ETH 1/100 and SAND 1/150. Save your ammo; the road ahead is long.