7.18 Market Analysis

Yesterday, the trend of Bitcoin first rushed up, then fell back down. The high position was under pressure after touching the 66100 line. The current lowest level is 63800. Yesterday's idea was also quite perfect. First long and then short won a considerable profit. The current market rebounded and corrected but continued to fall. So the operation continues to maintain the high-altitude idea.

In the daily trend, it closed negative for the first time after the continuous positive upward movement. The decline was relatively not large, but the stagflation performance was still very obvious. It failed to continue after the high, thus going down. This is also a manifestation of the exhaustion of the bulls. Since the decline has come out, we can first look at the continuation. In the 4-hour trend, after the previous continuous rise, there was an obvious turning signal in the short term. The short-term trend went out of the continuous negative stepping action, and the trend will continue to a certain extent. The Bollinger band showed signs of closing. The market did not get an effective rebound, and continued to go short on the rebound.

On Thursday morning, it is recommended to short Bitcoin around 64500-64800, with the target of 63000-62000.

On Thursday morning, it is recommended to short Ethereum around 3410-3430, with the target of 3330-3250#以太坊ETF批准预期