Buy zone, long expected assessment
7/26 evening sharing:
As reminded in the afternoon, the 4-hour short target has been achieved, and you should look for buying points in the buy zone, and don't chase the short. It was quickly withdrawn after the pin in the evening, but there is currently no effective second-test structure and right-side structure support, so the right-side players should not enter the market if they don't have a chance, because there is a high probability of rebound here, not a reversal, so friends who have long orders on the left side should lock in profits in some rebound positions (such as 0.382-0.618 or support and resistance swap positions or chip-intensive areas) and stay in the position to play a higher position.
The specific trading opportunities are still as mentioned in the afternoon. In the short term, we look at rebounds, and in the medium and long term, we look at the continuation of shorts. After the appearance of the weekly short structure, it did not reach a reasonable buy zone, and the correction of the monthly rise did not return to a reasonable buy zone, so the expected spot buying position still has a chance to be realized.
I would like to add that the launch of ETH ETF is bad news in the short term, but good news in the long term. However, my trading system only uses the news that most of us can see as catalysts, so the fact that ETH has fallen more in this wave is completely visible from the structure.
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