#行情震荡，做空还是做多？ ETH recent trend has continued to be weak, and the short-term strong performance has not been extended. Morphologically, it was expected that an ascending triangle might form, but the price fell below the lower edge of the minor level again, and the ascending triangle pattern has become invalid. The current price action is more in line with the rising wedge, which is a typical bearish signal.

In the short term, the price has started to retrace, and the small lows have touched around 1550U.
This area (1530-1550U) is the starting point of the previous wave of retracement of the lows, and has some support, and has formed a rebound in this area many times in history. Therefore, there is a high probability that there will be a wave of reverse pumping in the short term.
The upper upper resistance line is temporarily focused on the 1630-1650U range, and only by breaking through and holding this area can ETH be expected to resume its upward trend. Otherwise, if it fails to break through, the market may usher in a period of accelerated decline, and we need to be wary of further downside risks.
Based on the performance of the current pattern and support level, there is a chance of a short-term rebound near 1550U, but it is necessary to strictly set a stop loss to control the risk.
In terms of trading strategy, you can lay out long positions in the range of 1530-1550U, and the target is to look at the 1630-1650U pressure level. If the price is close to the target level but fails to break through, you can consider gradually taking profit or closing the position on the sidelines; If the breakout is firm, you can continue to hold and focus on higher points.