7.16 BTC morning analysis


Yesterday’s long positions were cashed out, and the overall trend is favorable. Ride the trend to capture swing-trading profits. The fundamental picture is packed with positives: weak Non-Farm Payrolls and inflation data, cooling rate-hike expectations; geopolitical negatives have dissipated; industry compliance is speeding up; liquidity has improved; long-term positives remain. Technically, the daily chart’s bullish trend is intact. Any short-term pullback is just an upswing correction to build momentum, with no trend reversal; after the adjustment, there is still room for further upside.
Today’s trading plan: place long orders in the 1890-1910 range. The first target is 1950; after a confirmed breakout, aim to push toward the 2000 level. Stop-loss taken down to 1875#ETH$ETH
ETH1.51%
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