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Gu Jingci: Don't chase the rally in Bitcoin/Ethereum on July 21st; a major market move is coming.

2026-07-21 06:14:28
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Bitcoin/Ethereum has rebounded after a pullback in the past few days. Frankly, the more seemingly unbreakable the market, the more likely a sharp drop will occur. Previously, Bitcoin had a large number of trapped investors at 66,000 and 67,200, forming a top structure. Ethereum, on the other hand, has a dense area of trapped investors between 1950 and 1980. Now that the market has reached this point, many of those trapped earlier are about to exit their positions. Once they do, they will likely enter short positions. If this level cannot be broken with significant volume, is it just a way to let them exit their positions and then profit from another short position? This level will either directly face resistance and fall back, or it will break through 67,000 and 1980 to reach 70,000 and 2080 respectively. Trading suggestions: Short Bitcoin at 65,700, short-term target 64,000, medium-to-long-term target 61,000; Short Ethereum at 1930, short-term target 1850, medium-to-long-term target 1630.
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