$ETH Evening Thoughts:
Is the second cake about to lose control? Shall we have a little drop for respect? Please don't go this way; if the second cake collapses, it doesn't matter, but the key is that the clones will follow. The clones are already in tatters, and if the second cake collapses again, it will really be unbearable.
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Speaking through the chart: The second cake at the hourly level looks like it’s about to draw a door; it has already outlined the door frame, just missing the door itself. So, stop hesitating and quickly draw it; just get it done, let’s have a decisive move.
The second cake should break through 1800 to go long on the right side; if it drops below 1791, look to short on the right side. Pay attention to the changes in volume and set your stop loss properly.
The second cake is currently walking down the stairs step by step in a 15-minute model; this downward mode will continue until a higher high appears.
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At the hourly level, first break through 1808, then look at the target positions above 1838-1872. If it can’t go up, then look downwards.
At the 4-hour level, if it breaks below 1781, watch for lower levels of 1756-1723. There will definitely be a sharp drop tonight; pay attention to short-term volatility, and let's wrap up.
