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China 🇨🇳 Time: February 9th, 8:20 AM, ETH Strategy
The overall trend remains bearish; go with the flow and avoid fighting the trend.
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Breakthrough resistance level: continue upward to test the next resistance level
Break below support level: continue downward to test the next support level
【Pin insertion to sweep liquidity. Not considered a breakout or breakdown】
Recommended short position: 2180—2200 (Breakout probability 45%)
Recommended long position: 2065—2080 (Win rate 70%) (Rebound betting target 2150-2180)
First resistance level: 2280—2300 (Breakout probability 25%)
↕↔↕
First support level: 2055—2065 (Breakdown probability 43%)
Second support level: 2000—2020 (Breakdown probability 55%)
Third support level: 1850—1870 (Breakdown probability 20%)