July 28, Monday, Analysis of Ethereum's Morning Thoughts!

Last night, I advised everyone to go long, and it was perfectly realized. This morning, we still see a bullish trend. Those looking to short should wait; now is not the time to short!

From a technical structure perspective, on the daily level, the price has struggled to stabilize after a rise, forming a pullback. The price is testing the lower support with weak recovery, and the bearish volume is releasing energy. The moving averages are trending downward, and the pattern continues to show weak low-level fluctuations, indicating a demand for further declines.

On the four-hour chart, after a price drop, it is weakly consolidating at a low level, with the running channel tightening under pressure from the mid-track. The bullish volume arrangement has not formed a significant release, and the moving averages are rising. In this consolidation phase, there is a demand for upward correction, but the strength is not strong. In the short term, the bullish volume arrangement maintains a correction and recovery, but there are no signs of a strong upward stabilization. The short cycle continues to show a weak state. In the upcoming approach, we will maintain the high short position.

Bitcoin operating suggestion: Short around 119,000, with a target of 120,000-121,000! If it breaks, continue to look lower!

Ethereum personal operating suggestion: Short around 3,880, with a target of 3,830-3,980! #BNB创新高 #ETH重返3800 #美国与欧盟达成关税协议 #币安Alpha上新 #美国AI行动计划 $BTC $ETH