In the short-term operation on May 6, although there was an error in writing point 7 as 6, which caused one order to not be executed, patience paid off as an opportunity was successfully seized later in the evening, and timely suggestions for reducing positions and taking profits were made. The core of trading lies in strict discipline and patiently capturing quality opportunities.

Technical Analysis and Operational Suggestions

1 - 4 Hour Level: Focus on the two key points of 1790 and 1810. If the price stabilizes above 1790 during the 1 - 4 hour period, an upward trend can be expected; in the 4-hour chart, closely observe the stability of 1810. If it cannot effectively break through, the upward range-bound pattern will continue.

Support Level Operations:

- Short-term Support: The range of 1720 - 1725. If the price stabilizes here, consider entering with a stop loss; otherwise, it is advisable to refrain from trading.

- Rebound Support: Near 1690 - 1700, a stop loss should be set for operations.

- Strong Rebound Support: The range of 1615 - 1630 is worth paying attention to. As long as the support at 1600 is not broken, you can directly enter a position.

- Spike Rebound Level: The area of 1555 - 1575 can serve as a reference point during extreme market conditions.

Resistance Level Operations:

- Ultra-Short Position: In the range of 1780 - 1789, if the price does not stabilize, consider attempting a short position with a stop loss; if no suitable entry opportunity appears, it is advisable to refrain and be wary of potential risks.

- Key Resistance Levels: Pay special attention to 1802 and 1810. If the price cannot stabilize, consider entering a short position with a stop loss. If there is a rebound that breaks through this area and the 4-hour period does not effectively close above, continue to pursue short profits while managing moving stop losses.

- Pullback Pressure: If the 1835 - 1840 area does not stabilize, consider entering a short position in advance; further resistance levels to watch are 1855 - 1860.

- Important Volume Resistance: The range of 1890 - 1910. If the price touches this area with significant volume, be wary of upward resistance risks.

Daily Level: The key level of 1770 is worth focusing on. The daily support is at 1730 - 1735. If the close does not break this level, the overall trend remains a range-bound upward trend; conversely, if this support is broken, be cautious of intraday pullback risks. Additionally, daily support includes 1690 - 1700, while resistance levels are 1785 - 1790 and 1825 - 1835.

Risk Warning

Please strictly follow the above trading strategies. If there are no suitable opportunities or insufficient understanding of the market, it is recommended to remain on the sidelines to avoid blind positions. For systematic learning of trading skills, please refer to the account introduction for more information.$ETH