July 14 BTC/ETH MiXin strategy

Key points:
1. Last night, the three major U.S. stock indexes all closed lower, with AI hardware/storage chip stocks being the main drag
2. BTC briefly fell below the 200-week moving average; this line has historically been regarded as the long-term bull/bear line
3. Today (Tuesday) is the day with the most market-moving data this week: CPI data + the new Fed Chair’s first appearance before Congress

BTC: In the night session, BTC stopped falling after approaching the lower support band of 608-618, and the three upper resistance ranges have not changed. Tonight’s CPI data is critical. After the dip ends and a rebound forms, pay attention to how it performs in the first range. It’s recommended to treat the midline of the first range at 63,450 down to the lower rail at 62,888 as near-term resistance. You can try adding short positions, with the upper rail at 64,100 as the defense level, because reclaiming the upper rail would imply a big reversal/engulfing move. If adding longs (“bu duo”) is not seen at a clearly good spot yet—previously, on July 8, it bottomed and rebounded at the 618 level. If it touches this area again, see whether it can solidly move into the box. So it’s recommended to add longs above 608, use 608 as the defense; the closer to 608, the higher the cost-performance. (See chart for details)

ETH: In the night session, ETH also stopped falling and rebounded after hovering around the technical support at 1,755. Here, 1,755-1,792 is a large “funds/position box,” while the near-term 1,792-1,809 is a resistance box. It’s recommended to add short positions here. You can use 1,809 as the defense, or 1,825 as the defense. For adding longs (“bu duo”), watch whether it will go deep to the 1,669-1,715 range, where the cost-performance is even better. (See chart for details)#伊朗宣布关闭霍尔木兹海峡 $BTC ‌