Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (July 16)

Ethereum has been consolidating sideways since surging to 1900 last night, and has finally broken through 1900 again. Since it continues to decline, a new round of declines is about to begin, and a major drop is imminent. Frankly, shorting Bitcoin and Sol on rallies has been mostly profitable. Only Ethereum has been consistently underperforming. If Bitcoin were consolidating and Ethereum were driving Sol and altcoins up during their upward movement, the outlook would be much higher. However, apart from Ethereum's rise, Sol and altcoins haven't seen any significant gains, indicating this is just a pump-and-dump scheme designed to liquidate short positions. In fact, after last night's rally, short positions were still being entered around 1930 and 65000. The CPI data from the past two days was merely a reflection of the US-Iran ceasefire and the sharp drop in oil prices last month. Now that things have returned to normal, the trend is set to continue downwards. For those who haven't entered short positions, consider entering short positions for Bitcoin around 64200 to 64500, with a target around 62000; for Ethereum, consider entering short positions around 1890 to 1910, with a target around 1780 to 1820, and if it breaks through, look for 60000 and 1750.