7.4BTC/ETH Market View:

On Friday, the US Independence Day market will be closed, so the market volatility should not be large. With a 3-day holiday, today's update will also be later than usual. Last night, I informed everyone that the bullish idea remains unchanged, and we are shorting Bitcoin near 109700 and Ethereum near 2600. Currently, the short positions are held, and the strategy of not chasing high prices remains unchanged. As I always say, you can choose not to short, but do not chase high prices at 2600 and 110000!

Bitcoin's daily K line closed with an inverted hammer candlestick. Yesterday, after testing the resistance at 110400, it pulled back. The current price has returned to around 10900 for consolidation. The MACD on the daily K line has not shown a decrease in volume, and the KDJ is still in the overbought zone, but the three lines have formed a dead cross. On the 4-hour level, the MACD bullish volume is continuously decreasing, and the KDJ has formed a dead cross pointing downward. On the hourly level, a head and shoulders pattern has appeared, indicating a need for a pullback during the day. Currently, the indicators on the short term also require adjustment, so the strategy of holding short positions remains unchanged.

The resistance above is at 109700, 110400, and 114000. Short positions should be arranged around these levels. The bullish and bearish lifeline is at 108000; only a drop below 108000 will test the 106000 and 105000 levels.

Ethereum's trend has been consistent with Bitcoin's. The indicators indicate a need for a short-term pullback, so regardless of how bullish you feel, I do not recommend chasing high prices directly. The resistance above is at 2620, 2670, and 2730, while the bullish and bearish lifeline below is at 2520. Only a drop below 2500 will allow the market to move down and test the 2450 and 2350 levels.

The above views are for reference only. Do not get carried away; maintain rationality and objectivity! Every action is a trial and error process, so cherish it and do not always think that one bet determines life or death. There can be wins and losses, but there must not be a liquidation or a significant loss…#美国加征关税