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ETH
After spiking high yesterday and then pulling back, it continued to fluctuate at low levels
The short-term rebound strength is gradually weakening
Yesterday's bearish outlook and short positions resulted in a heavy loss again
Currently, after overnight testing the bottom at 2300
The rebound to 2342 was followed by another test of support
On a smaller scale, the rebound shows signs of weakness
Structurally, after a rise and fall, there is a continuation demand
The upcoming rebound is a signal to short
Refer to the 2340-2365 zone for phased short positions
Watch for a decline towards 2280-2200
After yesterday’s surge and pullback, it continued to trade in a low-range range-bound pattern
The strength of the short-term rebound gradually weakens
After yesterday’s bearish call and shorting, it was a big feast again—profit was substantial
As of now, after overnight lows touched 2300
The rebound to 2342 was followed by another pullback
In the smaller timeframe, the rebound clearly shows signs of weakness
Structurally, after a rise-and-fall pattern, there is still a need for continuation
For the next phase, any rebound is an opportunity to go short
Refer to the 2340-2365 zone for staggered short entries
Downside: watch for 2280-2200