Gu Jingci: Bitcoin/Ethereum Evening Trading Strategy with Market Analysis (July 14th)

Bitcoin/Ethereum surged rapidly in the evening thanks to the CPI data, especially Ethereum, which saw a significant rise, resulting in immediate stop-loss orders being triggered. Currently, the market is at a high level, but news is ultimately just news. Bitcoin has been consolidating for the past few days, and the data released tonight didn't break recent highs, indicating significant upward pressure. Tonight, focus should be on the resistance levels of 64700 and 1900. Chasing the price higher is not advisable. Failure to break and hold above 1900 will likely lead to multiple rallies followed by pullbacks, driving a significant decline on the daily chart. Trading recommendations for tonight: Short Bitcoin around 63900, target around 62000; Short Ethereum around 1870, target around 1750-1800, with further downside targets at 1700 and 60000 if it breaks down. Ethereum is expected to see a significant correction, with targets at 64800 and 1910.