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Gu Jingci: 7.20 Bitcoin/Ethereum Evening Trading Strategy with Market Analysis
Bitcoin/Ethereum daytime 64800 and around 1880 short ideas continued to fall all the way to around 63700 and 1840. Currently in the evening, a rebound and pull-up has started again, but the overall trend has not changed; the market is still expected to spike up and then retrace. Over the past few days, price has been rising on lower volume, and the daily Bollinger Bands are gradually tightening. The pressure at the upper highs remains clearly visible. Before there is an effective breakout of the upper high, we should not chase longs by pulling price up; especially for BTC, the highs around 65500 to 66000 remain under strong pressure.
Evening trading advice: For Bitcoin, continue to short around 64900 to 65300, targeting around 62000 to 63000; for Ethereum, continue to short around 1890 to 1900, targeting around 1780 to 1820.
Analysis and strategy are for reference only; risk is yours to bear. The article review and publication may not be timely, so the real-time situation prevails!
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