Looking back at last night's market action, Ethereum showed a pattern of testing lows twice, with continuous declines from around 2230 to the 2150 low point. While the second decline exceeded market expectations, it fully aligned with our bearish outlook maintained since early morning. We clearly signaled that bounces presented shorting opportunities, and our 2200 short positions established early morning have successfully taken profits, capturing over 30 points of gains. Currently, the coin price has rebounded to around 2200, with the overall trend still showing a weak structure.

From a technical perspective, the current bounce is merely a technical correction following oversold conditions, with the overall bearish structure remaining intact. The hourly bounce momentum is notably weak, with price repeatedly facing pressure near the 2200 level. The Bollinger Band middle band continues extending downward, the moving average system maintains bearish alignment, and while the MACD shows a golden cross, volume is insufficient, characteristic of a weak bounce. The daily candle yesterday closed as a solid bearish bar, with price trading below the Bollinger Band middle band. The KDJ death cross is diverging downward, with bearish volume continuing to expand, indicating the mid-term correction remains incomplete.

Operationally, bounces present opportunities to establish short positions. Watch for resistance in the 2220-2230 zone, which marks the launch point of last night's decline and is also the hourly moving average pressure level. Downside support continues at 2150; if breached, we could test the 2100 level further. Recommend maintaining a bounce-high-selling approach, strictly implementing stop losses, and going with the trend. #Gate13周年全球庆典 $ETH