7.29 Morning Analysis

Today’s intraday low at 1855 triggered a continuous rebound, and the rebound elasticity is clearly stronger than BTC. Also, short-term buying interest is relatively active. However, the overall market is still in a choppy recovery/repair phase, with heavy resistance overhead. There is a clear ceiling on the rebound space, so it’s not advisable to blindly keep looking long. Resistance above: 1928-1960; short-term support: 1870; key support: 1855.

Trade within the range following the broader market rhythm. Rely on support and resistance levels to wait for signals, and avoid chasing orders at the current price. If support holds and the market is set up to contend for a rebound, look to open short positions when price pushes higher and meets resistance. ETH tends to be more volatile, so reasonably reduce your position size.

Place shorts in batches in the rebound zone of 1928-1960, with the target at 1890#比特币$BTC $比特币$