Gu Jingci: 7.28 Bitcoin/Ethereum rise as scheduled then pull back high; see follow-up strategy analysis

Bitcoin/Ethereum yesterday’s plan was shorting above 65,200 and 1,965. After the price surged higher, it dropped to around 63,000 and 1,865, capturing 2,200 points and 100 points of room. During yesterday’s rally, many people likely chased longs, because there were so many people rebutting my short. Now, after dipping, the market has entered a range-bound consolidation as the moving averages have turned down again. Going forward, we need to watch whether the price action has continuation. A large-volume bearish candle appeared on both the 4-hour and daily charts, showing that bearish momentum is strong. The latest 4-hour candlestick is a small bearish candle, accompanied by declining volume, indicating that near-term downside momentum is weakening, and the market is moving into a consolidation or hesitation phase.

On the daily chart, a bearish engulfing pattern has formed along with a huge volume, confirming a short-term trend reversal and putting bears in control. On technical indicators, MACD (4-hour) shows the DIF line has already crossed below the DEA line; the MACD histogram is negative and continues to expand, indicating that the bearish trend is established and strengthening. The daily MA moving averages have also begun to turn down, facing pressure near 1,900 and 64,500, suggesting that the trend may continue to weaken.

Trading recommendations: For Bitcoin, continue shorting around 63,600 to 64,000, with targets near 61,500 to 62,500; for Ethereum, continue shorting around 1,890 to 1,900, with targets near 1,800 to 1,840.

Analysis and strategy are for reference only; risks are your own. The article’s review and publication do not have timeliness—please refer to real-time conditions! #长鑫开盘跌7.7% #GateCard消费返现最高8% #Strategy首次回购STRC