Gu Jingci: 7.16 Bitcoin/Ethereum Trading Strategy With Market Analysis



Ethereum surged to around 1900 last night and then kept ranging and consolidating. Now it has finally broken back above 1900 again. If it continues to pull back lower, then a new round of selling will begin, and the bigger drop is also coming. For the layout of BTC and SOL, honestly, going short after pushing up has basically been profitable. For people, I can only say that if ETH keeps showing off, there’s nothing to do. If BTC is consolidating and ETH, during its up move, drives SOL and the altcoins to keep rallying, then there would truly be reason to look for a bit more upside. But besides ETH pumping, if SOL and the altcoins are not lifting as well, then this is basically a pump designed to blow up the shorts.

In fact, after last night’s breakout rally, shorts were still added around 1930 and 65000. The CPI data from the past two days only reflected the results of last month’s U.S.-Iran ceasefire and the subsequent sharp drop in crude oil. Now things have returned to normal, so the trend is coming and the market will keep falling.

For friends who have not entered a short yet: for Bitcoin, consider continuing to short around 64,200 to 64,500, with a target near 62,000. For Ethereum, continue to short around 1,890 to 1,910, with a target in the 1,780 to 1,820 range. If it breaks down, watch for 60,000 and around 1,750.
#PreIPOs第二期OpenAI认购 #盘前合约上线长鑫存储 #韩国KOSPI暴跌5%触发熔断
ETH-2.51%
BTC-1.06%
SOL-1.68%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
TooUgly
· 7h ago
Go, go, go, go, go, go, go, go, go, go, go😂🙂🙂🤣😅😆😆😀😃😄🙂😂🙂🙂😀😀😃🙂😂😀😃😃
View OriginalReply0
  • Pinned