$ETH $BTC The World Cup officially kicks off today, and funds are getting double drained. ETH around 1634 is just a weak rebound after a heavy drop with no volume. 1668 is the intraday resistance.
The support at 1600 is already on shaky ground; if it breaks, we could see a quick dive to the strong support zone at 1540-1505 with no buffer.
The overall trend is clearly bearish, so don't hold onto false hopes; all rebounds are just opportunities to escape. Keep your position light, trade in and out quickly, and spend more time watching the game rather than trading.
The support at 1600 is already on shaky ground; if it breaks, we could see a quick dive to the strong support zone at 1540-1505 with no buffer.
The overall trend is clearly bearish, so don't hold onto false hopes; all rebounds are just opportunities to escape. Keep your position light, trade in and out quickly, and spend more time watching the game rather than trading.