7.5 Bitcoin/Ethereum surged again in the evening, and the market is set for another sharp drop.

Bitcoin/Ethereum surged again in the evening, just touching around 63,000 and 1,800. If you weren’t able to exit the take-profit shorts we had laid out earlier near the highs, you had no choice but to close them with a small stop-loss. When the market reaches a level like this, it’s very cost-effective to bet on a pullback and decline using a small stop-loss. After surging, prices are holding high, and the overall trend is relatively strong. However, there is strong resistance near the previous highs—Bitcoin at 63,500 to 64,000 and Ethereum around the 1,850 high. First, the 63,500 area for Bitcoin is also an important prior level where resistance and support have switched. When price is approaching this area, don’t chase longs. For Ethereum, after multiple short-term surges, the room for a subsequent pullback is relatively larger. The situation outside the market isn’t good either; once the trend worsens again, there could be an even bigger drop at a larger scale.
Overnight trading suggestion: Short Bitcoin near 63,000 to 63,500, targeting around 61,000 to 62,000; short Ethereum near 1,790 to 1,810, targeting around 1,680 to 1,720.
#gStocks代币化股票上线 #非农爆冷打压加息预期 #WorldCupPrediction BrazilVSNorway