7.11

！ ！ ！ Today's Strategy Analysis！ ！ ！

At midnight, Ethereum fluctuated downward and gave a small retracement to explore the bottom. It just broke through 3000. The morning market rebounded quickly after breaking 3080. This is a good indication that a short-term support below still exists and is solid. The short-term break is just a false break. The price ratio has not been able to reach a new high with the help of the news. Therefore, it can be seen that if the price ratio wants to set a new high again in the short term, it still needs to consolidate and accumulate momentum, so that it can go long in this market. From the current market, on the 4-hour line, the price ratio failed to break upward, and the long-term high-level trend was suppressed again. The shape still showed a flag-shaped convergence, and the upward space has not yet been fully opened. Although the price ratio has risen during the day, the pressure on the 60,000 mark above is still relatively large. At present, the market rhythm has slowed down, and the continuation strength of both long and short sides is insufficient. In addition, the daily chart shows that the price has not rebounded to the opening price of 58,000, indicating that the chip concentration area is around 58,600. This verifies my previous view that only by pushing up the market bullish sentiment, will funds enter the market to drive the rise. Therefore, we should not be too optimistic about the bullish view. The rebound of the bulls failed to break through effectively, which made the efforts of the bulls seem futile and it is still an unfavorable situation for the bulls. The resistance above the current structure is strong. Therefore, the main focus during the day is to maintain the rebound short.

Cake can be taken at 58,300-58,600, with a target of around 56,700;

Ether can be taken at 3160-3160, with a target of around 3080.

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