$ETH #ETH rebound: if you can’t move, don’t force a deep dip-buying. The short-side momentum hasn’t been released yet.
Candlestick timeframe: 1h
My bias: slightly bearish (only trade with the trend; don’t clash head-on with emotions)
$ETH #ETH execution: short on the rebound; wait for key levels to confirm before adding position size.
Key reasons: 1) ETHUSDT 24h price change: +/−8.922%; current price around 2,081.70; 24h trading volume about 11.42B; 2) The 1h close fell from 2,088.75 to 2,081.70, and the main cycle is still weakening. 3) The 4h close moved from 2,085.16 to 2,081.20; current open interest is about 2.42M; funding rate is about 0.0100%; a retracement looks more like an opportunity for the shorts.
Risk control level: If 1h reclaims and holds above 2,089.92, the bearish bias is invalid.
$ETH #ETH end: the direction is given—execute with discipline. For reference only and does not constitute investment advice.
Candlestick timeframe: 1h
My bias: slightly bearish (only trade with the trend; don’t clash head-on with emotions)
$ETH #ETH execution: short on the rebound; wait for key levels to confirm before adding position size.
Key reasons: 1) ETHUSDT 24h price change: +/−8.922%; current price around 2,081.70; 24h trading volume about 11.42B; 2) The 1h close fell from 2,088.75 to 2,081.70, and the main cycle is still weakening. 3) The 4h close moved from 2,085.16 to 2,081.20; current open interest is about 2.42M; funding rate is about 0.0100%; a retracement looks more like an opportunity for the shorts.
Risk control level: If 1h reclaims and holds above 2,089.92, the bearish bias is invalid.
$ETH #ETH end: the direction is given—execute with discipline. For reference only and does not constitute investment advice.