7.16 Evening Trading Plan

　　On Thursday, the short-term momentum entering a weakening phase had already been mentioned this morning, but no matter how weak the trend was, it didn’t change in any way. The morning update suggested a pullback into weakness; the market kept consolidating at high levels, and there was no ideal opportunity to go long on that weakness. So first, I took short-term trades to buy the pullback. ETH spot around 1921 pulled back to 1882 and gained 39 points; BTC around 64800 gained 600 points. After all, once it’s clearly weakening and entering a correction phase, you should be more conservative in following rather than the aggressive entries of the past few days. Next, it’s likely that the pace will shift more into a range-bound rhythm. Long positions need to be adjusted appropriately, because so far a proper correction hasn’t presented itself. On Thursday, there aren’t many technical points, so no need to over-repeat and miss the move.
　　　　Trading Suggestions
　　BTC long around 63700—63500, target 6500
　　ETH long around 1850—1830, target 1980#BTC