Since midnight, Ethereum has shown a pattern of oscillating and pulling back. After a brief rally to the 2088 level, the market gradually faced resistance and declined. Subsequently, the upward momentum significantly weakened, and selling pressure was gradually released. The market began to give back previous gains, with the overall center of gravity continuously shifting downward, with a low point around 2020. It then maintained sideways consolidation near the lows. Overall, the early morning surge did not lead to a sustained rally; instead, a phase resistance zone formed at higher levels, and the market gradually shifted from strength to weakness. My approach during midnight was to focus on long positions at lower levels, expecting the rebound to continue after a pullback. However, the retracement was stronger than expected, and the bullish support could not be effectively maintained. The large long positions in Bitcoin were also closed according to the predetermined risk management plan. I want to emphasize that stop-losses are an integral part of the trading system; the key is to strictly follow discipline and control risks. Only by maintaining a stable rhythm can we continue to find new opportunities in subsequent market movements.

From the current chart, the price has fallen below the middle band of the Bollinger Bands, with short-term moving averages gradually turning downward, indicating signs of a bearish arrangement. On the one-hour chart, a phase top area has formed above 2080. The market then moved from a high point to a gradual decline with lower highs and lower lows, indicating a correction within a short-term downward channel. Meanwhile, the RSI indicator remains near the middle axis in a relatively weak zone, with no clear signs of momentum turning stronger, suggesting that the current rebound is more of a technical correction rather than a trend reversal. Based on the overall structure, the suggested trading strategy is to short on rebounds. #原油价格回落 $ETH