8.14 Wang Ye Er Bing Thinking
Entry: Open orders in batches in the 1890–1910 range
Stop loss: Above 1930
Targets: First target 1860; second target 1830
Core logic: The 15-minute level rebound has shown signs of weakening. The current price is hovering around 1887 and has repeatedly failed to break through the 1890 level effectively. A rebound on declining volume with consolidation below the key resistance is a typical weak structure rather than a trend-reversal signal. This week’s CPI and PPI data both met expectations, but ETH only rebounded briefly before quickly falling back, indicating that the market has already fully priced in the benefit of easing inflation. There is a lack of incremental buying follow-through, and the bulls are unable to organize an effective counterattack. Repeated rejections at key resistance show the bulls cannot break out—so be patient and wait for the right entry signal. $ETH
Entry: Open orders in batches in the 1890–1910 range
Stop loss: Above 1930
Targets: First target 1860; second target 1830
Core logic: The 15-minute level rebound has shown signs of weakening. The current price is hovering around 1887 and has repeatedly failed to break through the 1890 level effectively. A rebound on declining volume with consolidation below the key resistance is a typical weak structure rather than a trend-reversal signal. This week’s CPI and PPI data both met expectations, but ETH only rebounded briefly before quickly falling back, indicating that the market has already fully priced in the benefit of easing inflation. There is a lack of incremental buying follow-through, and the bulls are unable to organize an effective counterattack. Repeated rejections at key resistance show the bulls cannot break out—so be patient and wait for the right entry signal. $ETH