Gu Jingci: 7.25 Bitcoin/Ethereum pump lifts shorts; positions continue to be held for as long as possible, and further late-session pump continues to go short

During the earlier rally in Bitcoin/Ethereum, many people kept turning bullish. Here, we remained firmly bearish; we called shorts multiple times and also captured more than 4,000 points and 120 points of room. With the current market falling and then consolidating sideways, the overall range is not large; it’s more of a continuation pattern after the decline. The 4-hour and daily charts show a clearly bearish downtrend in the recent period, especially the daily chart printing a high-volume large bearish candle, which confirms the strength of the bears. Currently, after a blowout selloff and high-volume surge, the 4-hour candles show a small rebound, but volume has shrunk; the rebound strength is insufficient, indicating that buy-side momentum is weak.

Technically, the MACD: DIF and DEA are both operating below the zero axis, and DIF has crossed below DEA. The MACD histogram is negative and keeps expanding, showing that the bearish trend is strong. With insufficient buying power, the current minor rebound lacks momentum. Both the 4-hour and daily timeframes are in a clear downtrend; short-term rebound momentum is inadequate.

Evening trading suggestion: enter shorts near 64,200 to 64,500 for Bitcoin, target 61,500 to 62,500; enter shorts near 1,870 to 1,880 for Ethereum, target 1,780 to 1,820.

Analysis and strategy are for reference only; risk is yours to bear. The article review and publishing does not have timeliness; be sure to rely on real-time conditions!
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