#Gate 2025 Q2报告出炉# #CPI数据来袭# 7.16 Morning market overview: ETH long order make money, a bearish Saifu pattern appears

ETH Our T2 target of 3070 was successfully reached yesterday, with the long order at 2961 perfectly exiting at 3070, making money of 109 points; currently, the ETH daily and 4H charts are showing higher lows and higher highs, and in this bullish trend, it is unwise to go against the trend. It is more stable to make a long order during a corrective pullback.
The market has shown a bearish Sifu pattern again. From another perspective, ETH encounters selling pressure around 3100, and a normal pullback to form a reverse V is expected, consuming the liquidity chips below before rallying again; according to the Sifu pattern, the predicted D point is at 2956, which is near the 2961 support.
Wait for ETH to fall below 3100 to enter a short order, with a defense at the previous high of 3154, targeting 3057 and 2998; you may ask why not short at a high market price? Because of the fear of a false breakout that could trigger the defense, so it's a more stable operation to act in line with the market after the support at 3100 is broken; conversely, set up to take advantage of the rebound at the support level of 2956-2961, with a defense at 2912, targeting 3031 and 3078.
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