Copy: July 6 Trading Plan: Yesterday, ETH continued to trade in a range, adjusting in consolidation mode.

Fundamentally, on one hand, after the Non-Farm Payroll data has wrapped up for now, the market is in a wait-and-see state, looking for the next catalyst for the US dollar and US interest rates. Global markets will look to direction from key data points later this week—US ISM services data and the Fed meeting minutes—as well as next week’s US CPI. On the other hand, the market is also waiting for a new round of US-Iran negotiations after July 9.

Technically, after yesterday morning’s price broke below the key level of 1769, the swing that started from the 1550 rise has entered a correction and adjustment phase. This morning, it once again tested the previous high at 1808, increasing the likelihood of a high-level range. However, the time and price “space” for this adjustment are currently insufficient. Whether this correction is primarily a space adjustment or a time adjustment depends on what we pay close attention to today: the 1747–1725 range. If price declines through this range, stabilizes, and then provides a rebound signal, the market will swap time for space, entering a high-level sideways consolidation mode; otherwise, it will see a deeper pullback.

In terms of trading, trend-trading signals still need to wait for new signals after the correction has fully ended—this is still too early. For short-term trading: once the market retraces to the 1747–1725 range and gives an upward signal, consider a short-term long; the stop-loss should be placed below 1725, with a target around 1808. If there is no upward signal, stay on the sidelines. #eth