Two straight days of data tailwinds are looking good—pushing the odds of a July rate hike down from the initial 42% to the current 15%. Bitcoin’s short was just wiped out today at exactly the right moment; however, we also don’t plan to keep shorting for now. Just be patient and wait to enter at the mid-term level. Ethereum is even stronger—wiping out all the short positions that had been building up recently. The trend has taken shape, and nothing can stop it.

What to do next?
Last week, we emphasized that the target for this rebound would reach the 66-67 range, but with the data bringing double tailwinds, this landing spot could be lifted a bit higher as well.
So it’s more advisable to scale in around these three prices: 66.5/67/67.5k. For defense, place it a bit above 68. Set 61k as the first trend target—once that breaks, then look to game a daily low breakdown. The risk-reward ratio will be extremely high!