Today is July 6th at 12:00 noon. Let's have our usual chat about the latest market conditions and see what tricks the whales played last night.

Last night, ETH $ETH ‌ really surged, forming a short-term double top around 1808. However, the bears quickly taught it a lesson — as soon as it reached this price range, it got slapped right back down. But looking at the current chart, the bulls are still quite strong and haven't completely lost momentum.

Next, our core observation point remains the same old level we've discussed repeatedly: 1836.

As long as ETH fails to truly break through 1836, my approach remains unchanged — mainly shorting from higher levels. But if this wave of bulls really forces a breakthrough above 1836 and manages to hold steady there, then we absolutely must not fight the trend. We must immediately turn bullish, and once the upside space opens up, we could directly target 2200 or even 2400.

Looking at the overall picture, the bulls indeed had quite strong momentum yesterday. Yesterday, BTC $BTC even stomped on the gas and surged above 64,000. But funny enough, it didn't hold steady — after forming a long upper wick, it immediately pulled back. This shows that the selling pressure at higher levels is still very heavy.

Now, because the previous nonfarm payroll data was not good, everyone thinks the expectation of interest rate hikes has been erased, and the market has regained confidence. But to be honest, the more everyone is happy and market confidence is soaring, the more worried we should be. Cold arrows are always shot when people are most optimistic.

So at this stage, I suggest we mainly wait and see, and not blindly bet halfway up. Keep a close eye on ETH at the 1836 level, whether it breaks out or turns around. Strictly set stop-losses, like and follow the strategy — we'll check in during tonight's session! #非农爆冷打压加息预期