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FangLiAnalysisOfGold

7.8 Fangli Midday Idea Sharing


Reviewing the morning's ideas, they were once again accurately fulfilled, like a script written in advance. Bitcoin reached around 62k as expected, and after surging to 64k in the early morning, it has been in a downtrend. Coupled with today's macro strength of the US dollar suppressing risk assets, the overall trend remains weak.
We still adopt the strategy of shorting on rebounds.

Operation ideas:
Bitcoin: Short on rebound around 63k-63.6k, target support at 62.2k, after breaking, continue to look at 62k support downwards.
Ethereum: Short on rebound around 1770-1800, target 1720-1690.
$BTC ‌$ETH ‌
BTC-2.87%
ETH-3.56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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FloatingMirrorSphere
· 8h ago
The morning session market was exactly as expected. In the afternoon, let's see if the 62,200 support can hold.
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ColdWalletInTheAutumnBreeze
· 8h ago
This script is written perfectly; the morning session’s pullback at 64k is timed flawlessly.
View OriginalReply0
FangLiAnalysisOfGold
· 9h ago
After breaking through 6.22w, continue to look downward—the market and our outlook are still just as consistent; we’ve already broken 6.2w.
View OriginalReply0
MechanicalHummingbirdGlass
· 9h ago
6.3w short position is placed, waiting for the wind.
View OriginalReply0
GateUser-4e0e3bcf
· 10h ago
Macro USD strength indeed weighs on risk assets, so shorting on bounces makes sense.
View OriginalReply0

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