On July 23rd, Wednesday, a midday analysis of Ethereum!

At the four-hour level, the running channel continues to show a narrow downward trend, with prices fluctuating and continuing to decline without forming a significant rebound. The volume is arranged in a weak bullish formation, and the moving averages are consistently moving downward, indicating that the short-term remains in a bearish dominant state.

At the daily level, the running channel maintains a downward continuation, with prices undergoing weak consolidation. In the middle-upper band, after a plunge, there is no effective rebound; the bearish volume continues to decrease, and the moving averages have not seen a significant joint upward movement. Personally, I still favor a bearish strategy this week, and whether the market can rebound and recover needs to be followed up after support.

Personal trading advice for Bitcoin: short near 119200—119500, targeting 118200—117200.

Personal trading advice for Ethereum: short near 3760, targeting 3700—3650. #BNB创新高 #NFT板块领涨 #山寨季來了？ #稳定币监管风暴 #Strategy增持比特币