7/12 Analysis of Mainstream Currencies (BTC/ETH)

Yesterday, the entire network publicly warned of CPI benefits in advance. After Lao Bao’s speech, the market was directly triggered, and it quickly rose by 1,000 yuan but did not stabilize at the 59,800 line. In the evening, it was forced back to around 57,000. It can be seen that the short position is currently the general trend.

The recent market fluctuations are basically caused by the news. The pressure support below and above is frequently broken. There is no technical aspect at all. What everyone can do is to follow the trend as much as possible, and it is better to miss it than to make a mistake.

Today’s idea is still to follow the trend, mainly focusing on the short position. After the news, the market stabilized and went downhill. At present, the short position continues to increase, and the long position is weak.

BTC operation suggestion: around 58000, target 54000

ETH operation suggestion: around 3150, target 2900

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