$ETH 7.23, 21:59, Current ETH price 3595, the technical indicators show signals of an oversold rebound brewing, but it is important to note the macro risks.

Below are the key analysis and operational strategies:

1. Significant drop in volume: Vol 121,964 > MA5 42,515, volume increased by 2.8 times, but did not break the previous low of 3573.47 → Initial signs of bullish resistance.

2. Technical breakdown confirmation, Bollinger Bands opening downward, price broke below the lower band of 3620, current price 3595 is at the lower band. MACD accelerating to probe the bottom, green bars expanding, strong bearish momentum. RSI is severely oversold, rebound demand is strong.

3. Key support and resistance levels:

Resistance at 3696, breaking this level indicates a trend reversal, support at the previous low of 3573, a breakdown will accelerate to 3500.

The line of life and death at 3620 lower band, must be reclaimed during the day or the downtrend will continue.

Operational strategies, responding to different scenarios:

Scenario 1: Oversold rebound, trigger conditions:

1. 15-minute RSI (6) bottom divergence

2. Stand above the lower band at 3620.

Target levels:

Short-term target at 3650, medium target at 3696 (4-hour MA10 - middle band).

Operation: Open 20% long position around 3580, stop loss at 3570, increase position by 30% upon breaking 3620, target 3650→3696.

Scenario 2: Breakdown and deep drop, trigger conditions:

1. Break below 3573 and close below for 1 hour.

2. Nasdaq drops over 1.5% - target level 3500 → 3450 strong support on the weekly chart.

Operation: Short 40% upon breaking 3573, stop loss at 3595, place a 50% long position at 3450 for a swing trade!

1. Current price around 3580 can open a 20% long position to test for a rebound, strict stop loss at 3570. Target 3650–3690.

2. Place a 10% short position at 3680 to hedge against rebound resistance. Target 3630—3580.

The short position from yesterday was closed in the afternoon as I didn't have time to monitor the market. It's okay, just a little less profit; surviving allows me to seek opportunities in the market. Still the same rule, remember to set take profit and stop loss at any entry point. Maintain a good mindset when trading, and never act blindly.