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Ethereum: Yesterday's short position layout at the 2230 level was executed precisely, with the target of 2100 realized accurately. The market movement was decisive and clean, with the trading logic perfectly aligned with the market rhythm.
From the current trend perspective, after experiencing a round of decline, the rebound shows obvious weakness. Daily candles have closed negative consecutively, basically giving back most of the previous gains, with the overall structure reverting to a weakened state. The moving average system has turned downward, with momentum indicators weakening in sync, as bullish momentum continues to diminish.
On the four-hour level, after the price broke below the Bollinger Bands lower band, only a limited technical retracement occurred. The Bollinger Bands' opening continues to expand downward, indicating the bearish trend remains intact. In the short term, the market has not shown an effective stop-loss signal, with rebounds leaning more towards correction rather than reversal.
The operational rhythm remains unchanged with a bearish bias maintained, and any rebound presents an opportunity.
Reference zone 2155-2180 for batch short placement, with target zone looking down towards 2070-2010 area.
$ETH #Gate13周年全球庆典