#美国7月PPI年率高于预期

8.15 Market Overview: Will ETH Break Through the Trendline for Long or Be Pressured by the Trend for Short?

ETH is moving in a bullish flag descending wedge channel, with resistance at 4638 resonating with the trendline. Should we go long after breaking the trendline or short at the resistance level? From the market perspective, although ETH experienced a pullback last night due to PPC and unemployment data, it rebounded in the middle of the night, indicating that ETH is currently very strong, allowing for long positions on pullbacks or light positions to chase long.

Wait for ETH to break through 4638 and stabilize before chasing long, with a stop-loss at 4600 and targets at 4696 and 4750; high short position at 4790, with a stop-loss at 4850, and targets at 4722 and 4650.

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