Short positions hit accurately, the tariff letters did not exacerbate the cautious short sell-off! 7.8 Bitcoin Aunt's Ideas

Starting at midnight on the 8th Beijing time, Trump has consecutively announced tariff letters issued to several countries on social media, as of the time of writing, he has issued the latest tariff rate threats to 14 countries. Among them, Japan, South Korea, Kazakhstan, Malaysia, and Tunisia face a 25% tariff rate; South Africa and Bosnia have a rate of 30%; Indonesia has a rate of 32%; Bangladesh and Serbia have 35%; Thailand and Cambodia have a rate of 36%; Laos and Myanmar have a rate of 40%. The above tariffs will take effect on August 1. The short selling strategy given yesterday was precisely hit, and both Bitcoin Aunt's assets fell. There was a slight rebound again in the morning; the midnight tariff letters did not exacerbate the short sell-off!

From a technical perspective, the daily chart shows another doji bullish candle after breaking the 10-day moving average and rebounding again. The KDJ three lines are diverging downward, while the MACD double lines are trending upward, and the volume is gradually diminishing. The closing of the large doji star may indicate a bearish trend. Currently, the market is consolidating at a high level, with bulls and bears competing, possibly waiting for news to stimulate movement. Therefore, during the day, pay attention to the resistance at 110,000-110,500 above and the resistance at 107,000-107,500 below; a break could extend further!

7.8 Bitcoin Trading Strategy: On the first retracement to 107,000-107,300, go long one lot, with a stop loss near 106,200, targeting around 108,000-108,500-109,000.

For a rebound at 109,000-109,500, short in, and add to positions near 110,000, with a stop loss above 110,500, targeting around 108,500-108,000-107,500; a break could look towards 107,000-106,5000, continue to break and move stop loss based on the situation!

7.8 Ethereum Trading Strategy: On the first retracement to 2,470-2,500, go long one lot, with a stop loss near 2,440, targeting around 2,530-2,550-2,570; a break could look towards 2,600.

For Ethereum's rebound at 2,470-2,600, go long one lot, add positions near 2,630, with a stop loss near 2,660, targeting around 2,550-2,530-2,500; a break could look towards 2,470-2,450, continue to break and move stop loss based on the situation!

Strange enough, the news about the riots in California has suddenly disappeared, and the tariff storm surprisingly says it will be delayed to August 1. Conan predicts that the U.S. side wants to use tariffs to coerce other countries into signing trade orders or to force other countries to build factories in the U.S. to develop their economies. So for now, don't be overly bearish! Take it step by step! #美国加征关税 #日内交易策略