7.19 market analysis
Looking back at the weekend’s two-day price action, although there wasn’t too much price fluctuation on Saturday, the market trend has already taken shape. Short-term volatility won’t affect the overall rhythm. In the early hours of Saturday, the lowest point reached 62,505. After two days of range-bound movement, the highest point came to today’s midday high of 64,948. The wave amplitude idea that Ningge gave last week was perfectly fulfilled—he directly secured more than 1,200 points of space and exited. On Monday, after a slight pullback, he decisively re-entered to go long, but unfortunately the entry level wasn’t ideal. After averaging down and adjusting the position, it still moved to around 62,700. As of today, the price has returned and is trading above 64,000—this round of price action has been steadily captured!
From the current order book, at the daily level there’s a trend of initiating a new round of upward channel, but it still requires strong confirmation. So based on the situation right now, the thinking remains the same as the previous broad range consolidation approach. You can see that each round of price action operates within a range using the daily mid-band and upper band as boundaries. Therefore, without major news driving changes, it will be difficult for the trend to shift. Back to the short term: the weekend price action has gradually lifted and is now consolidating around 64,500. The 64,500 to 65,500 range will inevitably trap many retail longs. As long as the market rebounds back to that area, funds will definitely exit to break even. Afterwards, effective resistance levels will form within this range. That’s why I think this rebound won’t have much continuation; instead, it’s more like probing and testing the resistance level. After the test is completed, a pullback is definitely going to appear. The strategy is mainly to focus on going short at higher prices. Watch the situation around 65,000 and place sell orders in advance!
btc: short around 65,000 target 63,000
eth: short around 1,880 target 1,800#PreIPOs第二期OpenAI认购 $BTC $ETH