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6.24 Auntie: After a major drop of a hundred points, the recovery is repaired, and the rebound rally is still the main tone
$ETH
Entry: Around 1675-1690, with the rebound near 1710, watch 1630-1600
Yesterday’s market broke down on heavy volume with a prolonged series of bearish candles, which is a weakening move where bearish pressure is concentrated and released; after stopping the decline with a long lower wick near 1633, during the rebound there was no volume-led surge up. It’s more of a passive repair driven by bears temporarily taking profits. The bullish strength is relatively weak. At present, there are no signals of a trend reversal, and the overall big structure is still dominated by bearish control. #以太坊基金会重组降本