Chu Yuechen: Bitcoin (ETH) Market Analysis and Trading Reference (July 28)

Chu Yuechen: Bitcoin and ETH Trading Reference for July 28th. The current market is in a wait-and-see period before the FOMC decision, with the divergence between bulls and bears reaching a recent high. The market is facing triple pressures: ETF fund divergence, high-leverage derivatives trading, and macroeconomic uncertainty. On-chain data indicates that long-term holders have not panic-sold; the short-term pullback is more of a leverage clearing. With the FOMC decision imminent, the direction is unclear, and the sustainability of any rebound is questionable. Watch whether BTC can hold the 63,000 level and whether ETH can hold the 1850 level. Operationally, we can try a long position near 63,000, with a stop loss at 62,000 and a target of 65,000-65,500. We can also consider a long position on ETH near 1850, with a target of 1930-1950 and a stop loss below 1800. For shorting opportunities, Bitcoin can be considered in the 65,500-66,000 range, and ETH in the 1950-1980 range. If the price reaches these levels, I will promptly notify my followers. The cryptocurrency market has very poor liquidity and decreasing volatility; even a daily fluctuation of over 2000 points for Bitcoin is considered relatively large. If you have surplus funds, you might consider allocating them to other assets. Specific operations should be based on real-time market changes and entry points. We offer daily short-term trading opportunities, while continuing our medium- to long-term investment strategy. Welcome to exchange ideas.