Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (July 20th)

Bitcoin/Ethereum traded sideways with a slight upward bias over the weekend, with relatively small fluctuations. This upward move saw a volatile climb from the bottom at 58000 and 1510 to highs around 65500 and 1945, followed by a pullback and then another rebound, albeit with low volume. The previous low-volume rally from the bottom, followed by the pullback and subsequent low-volume rebound, indicates severely insufficient volume. A breakout with increased volume above key levels could trigger a significant surge, with the previous high of 65600 being a key level to watch. For Ethereum, 1920 is a key level to watch. However, a decline would also be accompanied by high volume, potentially leading to a much larger downside. The low-volume rebound from the highs suggests a higher probability of further declines. Interestingly, despite the recent negative news regarding the US-Iran conflict and oil prices, Bitcoin and Ethereum haven't experienced a significant pullback. Last week's rise was driven by the ceasefire, negotiations, and the sharp drop in oil prices last month, which resulted in positive CPI data. This month's data will be released next month, indicating that major players are clearly preparing for a major move. This week has only just begun, so it's crucial to focus on trend trading and securing potential gains. Trading suggestions: Short Bitcoin around 64800-65300, with a target of 62000-63000; Short Ethereum around 1880-1900, with a target of 1780-1820, and further targets of 65800 and 1930. We're here every day, not to prove a high win rate, but simply to let you know that our team is always present, monitoring the market 24/7, professional and reliable. Analysis and strategies are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time information.