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Consider shorting Bitcoin around 67,000.

2026-07-21 14:26:32
Shareshare
Chu Yuechen: Bitcoin and ETH Trading Reference for July 21st The current market is in a consolidation and recovery phase. Funding (continuous ETF inflows) and macro factors (chip stock rebound) provide short-term support, but sentiment (Fear & Greed Index at 29, still in extreme fear) and trading volume (sluggish spot market) limit upward potential. Whether BTC can stably hold above $65,000 on the weekly chart is crucial in the short term. If it breaks through and holds above $67,300 with significant volume, upward potential will open up; if it repeatedly fails to break through, the risk of a pullback will increase, with key support at the $64,800-$64,900 range. For ETH, watch whether it can break through the $2,000 mark. Trading Reference: Try shorting Bitcoin above $67,000, with a stop loss at $68,500 and a target of $65,000. Observe the strength of the pullback support at $64,500-$65,000; if it holds, consider long positions with a stop loss at $63,500. For ETH, consider shorting in the 1950-2000 range, with a stop loss at 2050 and a target of 1850-1800. Consider going long at 1800. This is the general strategy; actual entry points will depend on real-time market conditions. We offer daily short-term trading opportunities, and continue with medium- to long-term strategies. Welcome to discuss your views.
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