July 1 BTC/ETH Market Evening Report: Wosh Says Inflation Risks Have Declined, Bringing a Rapid Price Stretch

In the evening, Wosh said that inflation risks have declined. Bitcoin broke through the 60,000 level, which means our shorts near 59666–60500 and 1600–1622 are currently slightly trapped. In the face of news-driven stimulation, the technical side is not up to it! The daytime shorts will probably need to be held for a bit. The evening idea remains unchanged—short at higher levels—but we may need to be more conservative. The levels below are relatively conservative and may not be reached, so you can set orders with a light position size!

First, let’s talk about today’s outlook:

For Ethereum, resistance is around 1680 (±5) to 1720. Targets refer to supports below: 1610–1550–1500–1470–1370.

For Bitcoin, resistance is around 62500 to 63600. Targets refer to supports below: 60600–60000–58500–57400–55500–53000.

Short-term resistance: give up participation near Bitcoin 61000 and Ethereum 1645. These strategies may not get you in. You can set orders with a light position size—if you get in, then go ahead. If you don’t get in, just hold the daytime positions. It probably won’t last long!

To place orders, you can click 👇 to set them directly. Keep in mind to participate with a light position size. Recently, the fundamentals have been mixed and unclear, so we are temporarily unable to confirm the direction of subsequent policies!
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