In the ever-changing financial market, the early morning trend unfolded as I had predicted, showing a retracement. Although each downward spike is followed by a rebound, in my view, this is merely accumulating time and space for the next dip, so quick in and out trades are necessary. From the four-hour candlestick chart, two bearish candles with bodies have appeared, causing the price to break below the middle band of the Bollinger Bands. Currently, the speed of the decline has slowed down, and it is expected that the price will undergo a period of adjustment before the second bottom test.

In the one-hour candlestick chart, the price is showing a downward trend. After breaking below the lower band of the Bollinger Bands, there was a slight rebound, but the strength of the rebound is weak. The market is currently slowly shifting from a bearish to a bullish sentiment.

Based on the above analysis, Ethereum can be shorted in the 2170-2190 range. I had already set up a long position at 2045 earlier, so I will look to go long in the 1970-1950 range. Due to the fast-changing market conditions, we won't elaborate too much here. Ok, that's the market for today. Good luck to everyone, and welcome to join the community. If there are any changes in the market, we will notify everyone in the community as soon as possible. Follow our public account: Ambush Notes.

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