Gu Jingci: Bitcoin/Ethereum Evening Trading Strategy with Market Analysis (July 3rd)

Bitcoin has been consolidating around 62,000 since last night, while Ethereum rose from 1710 last night to around 1750 this evening, before pulling back around 1750-1760. We added to our Ethereum positions around 1750, noticing Bitcoin's limited upward movement. Ethereum has previously consolidated around 1750-1770, forming a potential support/resistance level. It's not advisable to chase the price higher until a valid breakout and hold above this level. However, support levels are rising, with the daily and 4-hour moving averages turning upwards, although there's some price movement in the moving averages. Currently, Ethereum's support is around 1620-1650. Instead of chasing the price higher, consider shorting. Evening trading suggestions: Bitcoin: Short around 62,000-62,500, target around 60,500; Ethereum: Short around 1740-1760, target around 1680, with further targets at 63,000 and 1780.