Chu Yuechen: Bitcoin (ETH) Market Analysis and Trading Reference (July 19)

Chu Yuechen: July 19th Bitcoin/ETH Trading Reference - Short-term direction unclear, conflicting signals across multiple timeframes: Daily/4-hour chart leans bullish, 1-hour chart overbought, 15-minute chart showing a pullback. 63000 is the last line of defense for the bulls, while 65000-65500 is the key short-term resistance. Low liquidity over the weekend coupled with geopolitical risks have created a high volatility warning; pay attention to the direction confirmation after the traditional markets open on Monday. As mentioned in previous articles and this morning's discussion group, Bitcoin could be shorted at 64800-65000, with a stop-loss above the previous high of 65600 and a target of 63000. ETH is similarly recommended for shorting at 1880-1900, with a stop-loss at 1950 and a target around 1800. This shorting strategy aims to find support in the densely traded resistance zone and trigger a pullback. Therefore, use a stop-loss order; if the price breaks upwards, exit decisively. The stop-loss at this level is not large, less than 1000 points, a standard small stop-loss approach. If the pullback offers decent profit potential, the risk-reward ratio is excellent. We don't stubbornly hold onto losing positions; if we make a mistake, we exit decisively! There are no so-called "gurus" in this market. One or two wins or losses don't mean anything. To achieve long-term stability, learning to control risk is the prerequisite. The secret to long-term profitability is small losses, big wins, and not holding onto losing positions—in other words, the ability to control risk. Do you think it's possible for people to make money every day? After all, who exposes their wounds every day? Our discussion group is now open; see my profile for more information on trading strategies.