Chu Yuechen: Bitcoin (ETH) Market Analysis and Trading Reference (July 7th)

Chu Yuechen: Bitcoin (ETH) Market Analysis and Trading Reference (July 7th) The market has been fluctuating significantly since yesterday and today. The reasons have been explained above; the battle between bulls and bears is intense, and the trading range is quite large. In terms of trading, focus on key levels and manage risk effectively. For Bitcoin, watch the 64800-65500 resistance zone and the 62000-61000 support zone. Consider buying on dips to the 62000-61000 range with a small stop-loss. Exit at 61000 and target 64000-65000. Consider selling on rallies to the 64800-65000 range with a stop-loss at 66000 and a target around 63000. For ETH, consider buying at 1700-1730 with a stop-loss at 1650 and a target of 1800-1850. Short positions can be initiated between 1830 and 1850, with a stop-loss at 1900 and a target of 1750. The price action is expected to be range-bound, so please manage your position size carefully and use appropriate stop-loss and take-profit orders. Pay attention to the correlation between risk assets and ETF inflows after the US stock market opens today. The fear index remains in the "fear" zone, and market sentiment recovery needs further confirmation; avoid chasing highs with full positions. For communication and cooperation, please see my profile for details. A discussion group is open; please leave a message if you are interested.