7.9BTC/ETH Market Insights:

Recently, the market has been fluctuating, and those chasing highs and lows are likely to get hit from both sides. Yesterday, during the daytime, I advised everyone to short Bitcoin at 109000, and you can continue to hold that position. At midnight, I suggested shorting again at 109700, which was a missed opportunity for entry. For Ethereum, I advised to short at 2600 during the daytime, and after reducing positions, you should still hold. At midnight, I suggested shorting or adding to shorts at 2640, but the market only rebounded to around 2626, which was also a missed entry opportunity. Currently, I hold shorts from last week at 109700 for Bitcoin and at 2595 for Ethereum. Until Bitcoin breaks its previous high, I plan to hold these shorts. When the market rebounds to resistance levels, I will add to my positions, and if it goes down to support levels, I will reduce my positions. Otherwise, it's easy to exit, but getting back in may not be as favorable.

The daily chart for Bitcoin shows alternating candles, with all three moving averages trending upwards, but fortunately, the rebound high did not break the previous day's high. The MACD shows a decrease in bullish momentum, KDJ has crossed downwards, and RSI is trending downward. The intraday strategy remains focused on high shorts, with low longs as a supplement. On the 4-hour chart, there is continuous pressure from the upper band, and currently, it is oscillating around the middle band support for repair. The indicators are quite boring; such a fluctuating market...

For Bitcoin, watch the resistance at 109300 and 109700 above, followed by 110400 at a higher level. If you want to participate in high shorts, pay attention to the pressure at these positions and consider entering there.

For support below, watch 107300, 106300, and 105000. If the market does not break below 107300 and 106300, it is likely to rebound easily. Therefore, if you want to participate in low longs, focus on 107300 and 106300, and when there are signs of a rebound after a pullback here, then go long.

For Ethereum, the resistance above is at 2620 and 2640, followed by 2680. High shorts should be considered at these rebound levels; do not attempt to chase the highs until it breaks out, as it’s a strategy of high shorts and low buys before the breakout.

For support below, watch 2520 and 2475. If it does not break these levels, consider participating in low longs. If it breaks, do not enter long positions, as the market will likely pull back to 2435 and 2380.

With the market fluctuating back and forth, short-term traders should timely reduce positions or take profits; otherwise, it’s easy to give back profits. Long-term traders need more patience and better position management. For reference only, please remain rational and avoid getting overly emotional! #币安八周年