The empty (short) setup idea has been verified again—just keep waiting with shorts on the rebound! 7.13 evening strategy

I started emphasizing since last Friday that the rebound is a great opportunity to go short. The short positions entered in batches were confirmed today. BTC can easily take over a thousand-plus points, and ETH can also bank forty to fifty points. However, my first ETH tranche was entered a bit low, with an average price of 1785. Those two weekend days left me trapped a bit, which is annoying, so today I made around a thousand points and took profit first. Once ETH is back to being untrapped, I’ll run. For now, the positions I entered at higher levels have Paley stop-losses at 63,500/1800. Let’s see whether it will keep dropping!

If you’re already on board, bring your Paley stop-loss with you. If you haven’t boarded yet, just keep waiting—rebounds are for setting up shorts. With international developments continuing to escalate, expecting a big rebound in crypto prices is no different from a pipe dream!

7.13 evening strategy

For BTC: short the rebound at 64,000–64,500 again. Defend around 65,500. Targets: around 63,000–62,500–62,000. If it breaks down, watch 61,000–60,500–60,000. Continue to trail the stop-loss with Paley depending on how things develop!

For ETH: short at 1,800–1,830 again. Defend above 1,860. Targets: around 1,730–1,700. If it breaks down, watch 1,650–1,630–1,600. Continue to trail the stop-loss with Paley depending on how things develop!

The situation between Iran and the U.S. keeps escalating, and there are still no signs of any easing in the Russia-Ukraine situation. Under these circumstances, there’s no reason to expect a bullish move. Plus, the crypto space has basically been in a bear market—so isn’t shorting the rebound the right approach? #百万充值补贴