Further intraday decline, the short positions laid out yesterday were stopped out. Based on the current situation, there is potential for further downside in the evening session. Intraday has not provided an obvious bullish volume rebound. Wait for the bearish volume to complete in the evening before looking for long entry points again. What was lost yesterday can be recovered today.

On the technical structure, the four-hour support has been broken. A clear downtrend channel has formed, and the prolonged continuous decline has not resulted in a rebound. The next support level may form at a new position, otherwise it could test the 1900 area. Currently, the daily MACD is showing signs of forming a death cross.

Ethereum Recommendation: Layout for longs after bearish volume completes. Aggressive traders can look for shorts at higher levels #加密行情震荡