7.3 Bitcoin/Ethereum Evening Trading Strategy with Market Analysis



Bitcoin has been oscillating around 62000 from last night to today, while Ethereum rose from 1710 last night to around 1750 this evening, just starting to pull back around 1750 to 1760. For our Ethereum position, we saw that Bitcoin did not have much upward momentum and directly added a position around 1750.

Previously, Ethereum has oscillated multiple times around 1750 to 1770, forming a certain top-bottom conversion. Before effectively breaking through and holding, there is no need to chase long. However, support below is also moving up. The daily and 4-hour MA lines are turning upward, but there is some deviation due to offset.

Currently, the MA support below for Ethereum is around 1620 to 1650. If the market rallies, do not chase long; you can directly enter short positions.

Evening operation suggestions: Bitcoin short near 62000 to 62500, target around 60500; Ethereum short near 1740 to 1760, target around 1680. Stop loss at 63000 and 1780.

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ETH0.89%
BTC0.71%
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