7.20 Early Session: Two BTC Trade Setup Idea



Idea: Around 1865–1850, pay attention; look for 1880–1950.
Stop-loss placement: Around 1840.

Current price action is basically tracking the BTC trend. Monitor the news flow in early August. $ETH
ETH1.17%
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RiskCompass
· 07-20 04:43
Followed—thank you for sharing.
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MacroStoryBreaker
· 07-20 03:30
This approach makes sense, but the August news and outlook are highly uncertain. Consider taking a light position. Also, if BTC breaks down, ETH will likely fall as well—watch the risk.
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OptionShield
· 07-20 03:24
Bro, your analysis is pretty thorough, but in my opinion the 1865 level is a bit awkward. Whether the overhead resistance at 1880 can break through depends on the volume. If BTC continues to trade sideways, ETH may first consolidate and shake out. It’s still better to wait for confirmation signals before entering; setting a stop-loss at 1840 really is appropriate, but you also need to guard against a wick that briefly spikes into the stop. In August, the key thing to watch on the news/macro front will be the Fed’s moves—volatility will be high then.
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