Chu Yuechen: Bitcoin (ETH) Market Analysis and Trading Reference (June 30)

Chu Yuechen: July 30th Bitcoin and ETH Trading Reference - The Fed's "hawkish stance" coupled with escalating geopolitical risks creates a bearish macro environment; BTC spot ETFs continue to see outflows while ETH ETFs experience slight inflows, indicating a clear divergence in capital flows. Technically, BTC is oscillating between 63,000 and 65,000, while ETH is consolidating between 1876 and 1940, with no clear directional breakout signal. On-chain data reflects low market activity and insufficient willingness for new funds to enter, but low exchange inflows suggest that short-term selling pressure has not increased significantly. The short-term outlook is likely to remain range-bound. Pay close attention to the effectiveness of support levels at 62,500 (BTC) and 1850 (ETH); a break below these levels could open up further downside potential. The recommended strategy is to treat the market as range-bound. For Bitcoin, consider shorting between 65,500 and 65,800, with a stop-loss at 67,000 and a target of 64,000, followed by 63,000 to 62,500. For a more conservative approach, consider shorting ETH above 1950, with a stop-loss above 2000 and a target of 1850. Long opportunities: For Bitcoin, consider going long between 63000 and 62500, with a stop-loss at 62000 and a target of 65000. For ETH, consider going long around 1850, with a stop-loss at 1800 and a target of 1950. Specific trading decisions should be made based on real-time market changes. Multiple short-term trading opportunities are available daily, and medium- to long-term strategies continue. Welcome to discuss your views (see my profile). The discussion group is now open.