$ETH This 1585— the key level that was shouted hoarse over last week with repeated emphasis
Now, at last, there are signs of a breakout on the smaller timeframes
So the main forces are about to do something?
On the smaller timeframes, there’s value in the long/short game.
But remember: this is only “a rebound to watch,” not “a reversal.”
There’s heavy resistance above waiting.
Any long position—no matter what smaller entry price you get in at—your stop loss must be set firmly below 1540. That’s the line in the sand. If it breaks, admit defeat and exit immediately—never hold and “carry” the position.
The target first looks to the 1620–1650 resistance zone. When it reaches there, reduce positions in batches—don’t be greedy.
Also pay attention: around 1600, the short side is eyeing it closely. If the rebound happens on shrinking volume, it could face rejection and drop again at any time.
The bigger structure remains bearish. On the smaller timeframes, only do short-term scalping/mean-reversion—don’t dream of a big bull run. #比特币跌至59250美元
Now, at last, there are signs of a breakout on the smaller timeframes
So the main forces are about to do something?
On the smaller timeframes, there’s value in the long/short game.
But remember: this is only “a rebound to watch,” not “a reversal.”
There’s heavy resistance above waiting.
Any long position—no matter what smaller entry price you get in at—your stop loss must be set firmly below 1540. That’s the line in the sand. If it breaks, admit defeat and exit immediately—never hold and “carry” the position.
The target first looks to the 1620–1650 resistance zone. When it reaches there, reduce positions in batches—don’t be greedy.
Also pay attention: around 1600, the short side is eyeing it closely. If the rebound happens on shrinking volume, it could face rejection and drop again at any time.
The bigger structure remains bearish. On the smaller timeframes, only do short-term scalping/mean-reversion—don’t dream of a big bull run. #比特币跌至59250美元