2026.7.23 10:47 AM BTC/ETH/XAU/US stocks simple analysis

This night, the market saw fierce long-short battles with tight-range consolidation. Big BTC moved within a 700 USD range, and ETH within a 35 USD range. Gold fluctuated within a 50 USD range. Tight-range consolidation: after pushing up in the first half of the night, it probed to the lows in the second half. In North America, there was little follow-through. The storage sector lagged while staying at high levels. Capital was highly bifurcated—there was no clear leader continuously pushing. It was basically “grab a quick round and run fast.” The SPCX that I went long on last night missed the chance to buy an additional position by a click. For now, I continue to execute the plan: if stop-loss conditions are triggered, then stop-loss—no guessing or wishful thinking whatsoever.

BTC
Support: 61600 / 59800
Resistance (tentative): 67135-70000
BTC is seeing shrinking volume and tight-range consolidation. The closer it gets to this point, the more you need to stay calm—keep some patience and control your position size. Don’t be afraid of a stop-loss. If you’re not afraid of getting liquidated, why are you afraid of a stop-loss? Since you were given the opportunity, you still have to act! Because right now the market’s slow, tight-range consolidation has already been running up for half a month. BTC has reached the key 67135 line. Some ranging and shakeout is completely normal—stay composed!

At this moment, the intraday trend is slightly bearish. Intraday, watch the long-short strength around 64700, and keep waiting for a properly adjusted entry opportunity.

ETH
Support: 1705
Resistance: 2225
Continue to watch the key levels 1775/2000. If price approaches these two points, focus on entry signals.

XAU: If it retraces deeply intraday—for example, below 4050—there is an opportunity to confirm support, and there is still a chance to go long.

US stocks: SNDK was ranging last night without moving further. I went long on SPCX. Near the close, on the very last push, North America directly exited 500-600 million USD. Recently, SPCX has been driving longs aggressively. Also, US stocks’ borrowing cost has been relatively low recently, and this further intensifies the shorts’ momentum. With the first quarterly earnings report released in early August, by then long-short competition will reach the highest peak since the listing. The strategy last night strictly followed take-profit and stop-loss rules: if stop-loss conditions were triggered, then strictly follow stop-loss.

Trading advice does not constitute any investment basis. This kind of market is a good time to officially train your own trading habits and execution skills. Give up your so-called “must be 100% profitable” mindset, or the mindset that “one trade must get back to breakeven.” Those are gambling thoughts, and they are not beneficial for secondary-market investing.

If you’re wrong, then summarize and review to absorb the failed lessons. If you’re right, then optimize and strive again. That’s the mindset a fighter should have!

#夏日创作营