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Gu Jingci: Bitcoin and Ethereum are consolidating at high levels on July 23, awaiting further price declines.

2026-07-23 07:56:43
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For the past few days, I've been consistently reminding people to enter positions above 66700 and 1930, and to add to winning positions. Many people think it will continue to rise, especially after Ethereum surged to around 1955 last night, causing some panic. I advised entering at 1930, and you panicked after a 20-point rise? What were you doing then? I've clearly stated before that if Ethereum breaks 1980, hold patiently and wait for a significant drop. The key levels to watch today are 65000 and 1900, which I've emphasized multiple times before. If these levels are broken, the market will likely decline further. Subsequent key support levels to watch are 1720 and 61000, with short-term support around 62500 and 1810. There's still considerable downside potential. For those entering positions above 66700 and 1930, and adding to winning positions, patiently hold and wait for further declines.
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