Currently, the cryptocurrency price is at a crossroads of fate, with a directional choice imminent. Reviewing the recent market, its consolidation phase exhibited a complex adjustment pattern of initially breaking down and then breaking upwards. This trend, whether it is the main force inducing short positions to accumulate or inducing long positions to sell, has established a sequence of fluctuations as a fact. Looking ahead, the cryptocurrency price has two possible paths: one is to follow the momentum of the previous breakout and initiate a new round of upward movement; the other is to face significant selling pressure, returning to lower points or even breaking down again.

In terms of candlestick patterns, yesterday the cryptocurrency price closed with a long bearish candle, with the closing price significantly lower than the opening price. This obvious bearish signal fully exposes the strong selling power in the short term. Regarding technical indicators, both the DIF and DEA are deeply entrenched in the negative value zone, and the MACD histogram is continuously expanding, all indicating the current bearish dominant trend. The Relative Strength Index (RSI) (14) is currently at 29.5, nearing the oversold zone but has not yet truly entered it, suggesting that there may still be further downward space for the cryptocurrency price.

From the moving average system perspective, the cryptocurrency price has consecutively lost support at EMA7, EMA30, and EMA120, presenting a typical bearish arrangement, further solidifying the short-term downtrend. However, it is worth noting that the support at 76,000 is extremely strong, as the previous two downward tests have failed to effectively break it. If a third downward test occurs in the short term and this support remains intact, it will be an excellent opportunity for bulls to make a comeback. For now, what we can do is to prepare thoroughly in advance, patiently wait, and be ready for the right moment to arrive.

Today --> Based on the above analysis, Ethereum can be safely shorted in the 1920-1950 range, and then longed in the 1750-1720 range. The short-term market changes quickly, so we will be aggressive 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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