July 18, midday


Current BTC price is 63,921. During the midday session, it maintains a narrow-range choppy market. The price is in the buildup phase after a sharply oversold rebound, with hourly-level trading ranging and fighting above the Bollinger Band middle line.
#BTC
Recommendation
BTC: Place an order near 64,400–64,900
Target: Near 62,600–63,400
ETH: Place an order near 1,860–1,880
Target: Near 1,770–1,810
BTC0.69%
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MemeTranslator
· 07-18 06:25
I think the short-selling setup is fine, but around 64k there may be further back-and-forth since it just rebounded and short sellers need to confirm. I suggest waiting for the price to rebound to around 64,900 before entering, with a stop loss above 65,200 and a target around 63,000. For ETH, short around 1,860, stop loss at 1,885, target 1,800. Also, keep in mind the U.S. stock market opens tonight, which may affect the trend.
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LiquidationTracker
· 07-18 06:16
Short positions are already placed—hoping this move smoothly drops into the target range and doesn’t get me swept out by a wick.
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StopEvolution
· 07-18 05:41
Why not go long? The rebound strength looks decent at this level—maybe it can even push higher. But I’ll follow your lead; I’ll set a stop-loss.
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L2ArbitrageTrader
· 07-18 05:34
Boss, if BTC drops to 62,600, will ETH also follow down to 1,770? It feels like the correlation is quite strong, but it also depends on the subsequent news flow.
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OptimisticCactus
· 07-18 04:12
You can try a short position here, but it’s safer to use a small position size.
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