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Thursday, July 9 Afternoon: Latest Bitcoin Strategy Analysis
BTC dipped to a low of 61666 in the early morning and then rebounded, failing to break the previous low of 61520. The rebound is understandable. Currently, BTC has regained a firm footing above the key watershed of 62500. In terms of operations, if you did not go long at the low, do not blindly chase longs. At this stage, chasing longs offers low cost-effectiveness. It is more advisable to go short at highs or resistance levels. If you have already entered longs at the low, the take-profit targets are around 63300→64000. Upon reaching the target levels, reduce positions and exit. The resistance above remains strong; if it cannot break through, the rebound cannot extend further.
In terms of operations, if you did not go long at the low, it is more advisable to go short at highs. Control your positions.
BTC: Short in the rebound 63300-64000 resistance range, targets 62500→61200
ETH: Short in the rebound 1780-1808 resistance range, targets 1700→1660
#GUSD年化升至3.8% $BTC $ETH