Gu Jingci: 7.10 Bitcoin/Ethereum Evening Trading Strategy with Market Analysis



Bitcoin/Ethereum has been ranging and moving upward steadily since the morning session open, with basically no major pullbacks. The overall rally is clearly pronounced. Friends who didn’t exit our “rally-to-sell” short idea from last night—out they go now. At the moment, the market has risen to around 64,500 for BTC and around 1,800 for ETH. The 4-hour chart shows a steady pattern of consolidating and trending upward; the price keeps making short-term new highs, but the upward momentum has started to weaken. Technically, the DIF line and DEA line form a golden cross above the zero line and continue to diverge upward. The red energy histogram bars are steadily increasing, indicating the market is in a strong uptrend with sufficient bullish momentum.

The daily chart shows a large bullish candle accompanied by an increase in trading volume, but it has not reached the extreme volume seen during the prior selloff. This suggests bullish power is accumulating, but still needs more volume support to sustain the strong rise. For the evening, focus on whether price can break above 65,000 and the 1,833–1,850 zone, especially whether it can break and hold above the 1,850 level. If it fails to break, expect a pullback and decline.

Evening trading suggestions: For Bitcoin, enter a short around 64,500, add to the short around 65,500; target 62,000 to 63,000. For Ethereum, enter a short around 1,800, add to the short around 1,835; target 1,700 to 1,740, and then exit around 66,000 for BTC and 1,860 for ETH.
#预测世界杯西班牙VS比利时 #GateUS合规扩展佛罗里达 #美股AI概念股普涨
BTC0.91%
ETH2.45%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
ThisIsTranslateContent:Gu
· 8h ago
I mistyped when I posted the long/short message earlier, and re-sent it. It should be understandable now.
View OriginalReply0
  • Pinned