July 8th trading strategy: Yesterday, ETH maintained a range-bound consolidation.

Fundamentally, the US stock market opened low and moved lower, and prices were once boosted and rebounded higher. On the other hand, due to consecutive attacks on ships near the Strait of Hormuz, the US military launched a new round of offensive strikes against Iran, hitting more than 80 targets with precision-guided munitions, directly responding to Iran's recent attacks on merchant ships navigating the Strait of Hormuz. The ceasefire agreement is collapsing, geopolitical risk premiums are returning, and prices quickly fell back.

Technically: The 4-hour chart still maintains a consolidation sideways trend after the upward wave. Excluding upper and lower wicks, the main fluctuation range of the current 4-hour chart is 1809-1757; on the hourly chart, the expanding pattern has not changed, with the maximum adjustment range being 1824-1703.

Therefore, in terms of operations, if the price drops to around 1703 and then rebounds back above 1757, that is the first entry point for long positions; if the 4-hour chart closes stably above 1809, or the hourly chart holds above 1824, that is the second entry point, which is also the main entry point; if the hourly chart breaks below 1703, then turn to bearish; if there are trading signals later, share them as soon as possible.