In the early morning, due to #CPI数据来袭 , ETH and BTC experienced sharp fluctuations, but the market has stabilized, and the technical indicators show a favorable position for the bears. The parameters given yesterday indicated that BTC would reach 114000-115000, so everyone can continue to look at this position for partial profit-taking.

BTC Analysis for July 16

1️⃣ Currently, a changing line inverted star has appeared at the daily K-line level, so July 16 may continue to pull back, with the pullback position looking at 118800. The K-line on July 15 has been fluctuating around the key position of 117000. If it continues to produce 4-6 K-lines below 117000, the short position may see around 114000.

2️⃣ The 24H K-line is just resting between the EMA midline and long line, and a bullish golden K has appeared, indicating that the drop on July 15 was too fast and needs to make an upward retracement. However, the current volume and price of the bulls show anomalies, indicating that the pullback is not high. Currently, the MACD is still dominated by bears, and those doing medium to long-term trades can refer to the profit-taking positions I posted yesterday.

3️⃣ Currently, the 1H K-line needs to retrace to the EMA long line. If it goes up, watch the volume of the second K-line; if the volume is small, it indicates that the short strategy remains valid. The MACD currently shows entanglement, with both bulls and bears fighting fiercely, so those choosing to go long should set a good stop-loss! The current signal from VOL is positive with abnormal volume and price, and it will reverse later.

In summary, the risk of going short is less than going long, while the return is greater than going long.

🎁 Short-term reference for the day

　　Long position trial entry point 116500 to 117200, stop-loss 500 points, target looking at 118400 to 118800.

　　Short position trial entry point 118400 to 118800, stop-loss 500 points, target looking at 114000 to 115000.

ETH Analysis for July 16:

1️⃣ The daily K-line has a maximum of 3098 and a minimum of 2930, with the highest point just touching the golden key position and not stabilizing effectively, making the short strategy valid.

2️⃣ Currently, the 4-hour K-line is at the lower boundary of the golden key position, and there has been no stabilization. Although the MACD is about to change lines, be cautious of the possibility of a mid-air refueling situation. A bearish golden K appeared in the 1-hour chart, and it is still possible to touch 3010 during the day.

🎁 Short-term reference for the day:

　　Short position trial entry point 3070 to 3088, stop-loss 3102, target looking at 3010 to 2900.

Setting a stop-loss is the key to long-term stable profits!!!