7.29 ErBing order book analysis

Direction: The high is met with resistance and turns down; the short term is weak, so rebounds are mainly to be controlled
Control: around 1908-1916; stop-loss above 1924; targets 1880/1865.

After the ErBing surged and touched the 1928.90 high, the bulls’ upward push momentum kept fading; the price came under pressure and fell back. Current price is 1901.94. The price has repeatedly tried to break the previous high but failed to do so; in the short term, the moving averages turn down and form a suppression. The bulls’ counterattack is repeatedly blocked; overhead sell pressure keeps being released. The market shifts from high-level consolidation to a pullback trend, with the first support at around 1880 to watch.

After repeated attempts to push higher, incremental inflows of funds can’t sustain entry; in the short term, the bulls’ duodans are taking profits and closing positions on rallies one after another. On the board, the bulls’ offensive strength has clearly weakened; the duoduan/dukong game tilts toward the control side, and the market continues to be weak in the near term. Wait for the price to rebound and test the pressure zone; if a stalled/slow-stalling signal appears, then redeploy the dukong/duoduan. Focus on how effectively the 1880 support holds defensively. $ETH #USD1持币生息最高8%