July 16 BTC/ETH Market Evening News Flash丨Is the bearish trend about to get its “second spring” after confirming pressure?

《Jiangfeng Trading Journal》Episode 6: The market won’t reward stubborn people—it rewards those who can correct mistakes in time.

The fifth article earlier today mentioned shorts around $65,500 for Bitcoin; the highest it rebounded was only around $65,000, failing to provide an entry opportunity. For Ethereum, the short around 1,950; the highest it rebounded was only around 1,930 as well, again without giving an entry chance. So in the evening, let’s be more aggressive with the plan!

Yesterday’s BTC short at 65,400, and ETH shorts from 1,910 to 1,937—after the first target is hit and positions have been reduced, then keep holding!

First, today’s outlook: rebound and short is the priority; risk index 🌟🌟🌟☆☆

BTC: Enter shorts on rebounds around 64,700–65,400. First target to watch (63,700–63,300). Second target 61,800. Third target around 60,800–60,000.

ETH: Enter shorts on rebounds around 1,907–1,935. First target to watch around (1,850–1,830). Second target (1,750–1,730). Third target around (1,700–1,680).

Current price is not recommended to directly open shorts. This is exactly where short-term support is being touched, so it’s better to be patient and wait for a rebound up before entering shorts. For the evening, I won’t go into the logic too much—just from the order book, it’s clear that Bitcoin around 64,600 is an important resistance level from the earlier period. After inflation eases, if the price breaks above it, that would be the move; but if the price falls back through it again, I think this resistance is effective! On the daily timeframe, the EMA55 at 65,500 is facing rejection; as long as it doesn’t break, the bears have a chance to迎来第二春!

《Jiangfeng Trading Journal》records the sixth episode of its market-judgment series: Keep predicting early. If the direction is right—replay. If the direction is wrong—admit it, and do a serious review and summary. What we’re always trading is the truth! I hope I can stick with it until episode 10 and episode 100, then publish a review summary and publicly track the win rate. Everyone is welcome to come and supervise!

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