Chu Yuechen: Bitcoin (ETH) Market Analysis and Trading Reference (July 10th)

Chu Yuechen: Bitcoin (ETH) Market Analysis and Trading Reference for July 10th. We went long on BTC at 62000 the night before last, and by this morning we had perfectly profited 2000 points. Congratulations to those who followed! BTC: Key levels: Short-term support at 63000 and 61500; resistance at 64500-65000. Large-scale option expiration: Deribit's approximately $1.4 billion worth of BTC options expire today, which will significantly increase volatility and greatly increase the risk of price spikes. Trading strategy: The price is still below the medium-to-long-term moving averages, classifying it as an oversold rebound rather than a trend reversal. Consider a small short position in the 64000-65000 range, with a stop-loss above 65500; consider a short-term long position if it stabilizes near 62000, with a stop-loss at 61000. Strictly control position size. ETH: Key levels: Support 1740-1745 (short-term support), 1714 (mid-term support/resistance level); Resistance 1780-1800, followed by strong resistance at 1850. High beta: ETH's volatility is stronger than BTC's. If BTC breaks below 62,000, ETH will quickly test the 1714 level. Trading strategy: Consider a small short position at 1780-1800, with a stop loss at 1850 and a target of 1720. Consider a long position near 1700, with a stop loss at 1650 and a target near 1800. Risk warning: The current market is in a state of overlapping macroeconomic uncertainties (Federal Reserve reform + geopolitical games) and unconfirmed on-chain bottom signals. Large option expirations will amplify intraday volatility; avoid chasing highs and lows. Contract trading is high-risk. The above is for reference only and does not constitute investment advice. Please make independent decisions based on your own risk tolerance. A discussion group is now open; please check my profile for timely updates on trading strategies.