Gu Jingci: 7.14 Bitcoin/Ethereum Evening Trading Strategy with Market Analysis



Bitcoin/Ethereum spiked quickly in the evening on the back of CPI data, especially on Ethereum’s sharp rally. The short positions that were set up were also directly stopped out. With the market now pushing higher, news is still news. Over the past few days, BTC has basically been ranging sideways, and the evening data has not broken the recent local highs. There is clear selling pressure overhead. In the evening, we only need to watch 64,700 and the 1,900 area for resistance. Chasing longs is not possible. If it cannot break and hold above 1,900, it will form multiple push-ups and pullbacks, driving daily-chart level declines, with relatively more downside room.

Evening trading recommendations: Enter a short in Bitcoin around 63,900, target around 62,000; enter a short in Ethereum around 1,870, target around 1,750 to 1,800. If it breaks down, continue to look for 1,700 and the 60,000 area. Ethereum is still set to see a large follow-on selloff: cousin 64,800 and 1,910.

#PreIPOs第二期OpenAI认购 #Gate6月透明度报告 #美国核心CPI未达预期
BTC4.13%
ETH6.32%
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LikeMaple
· 4h ago
Set the stop-loss to 1910
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SuizhouRuralCommercialBank
· 4h ago
What is this even saying? The last paragraph—catching up on the drop, catching up on the drop all the way to 1,910.
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Usmanzi
· 4h ago
Sellers in #Bitcoin unable to push prices down. A lot of spot passive demand is building up.
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