July 9th Aunt Late-Night Analysis


Recently, the market has carved out a volatile consolidation range. It has been moving back and forth from the high of 1780 to the low of 1710, and is currently consolidating around 1754.
The MACD bullish momentum continues to fade; it lacks strength to push higher, and there is a strong overhead pressure at 1760-1780. Combined with the renewed outbreak of the Iran-US conflict today and the weakness in US stocks—both of which are weighing down the crypto sector—I believe the bullish momentum has already been exhausted.
Tonight’s main idea is to short at the high level. If the price rebounds and touches 1760-1780, short in batches. The first target is 1720, and for a deeper drop, look toward 1680 #特朗普宣布美伊停火结束 #ETH #BTC $ETH
ETH0.46%
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