$ETH BTC surged and then fell, while ETH faced pressure! Yund鹿 accurately targeted and captured a profit of 1600 points; tonight will be a showdown over U.S. retail data.
On July 24, Tether announced it would cooperate with the U.S. Department of Justice to freeze and reissue $1.6 million USDT related to terror financing. This action is part of its global compliance cooperation—so far, it has frozen $2.9 billion of illegal funds and established cooperation mechanisms with 275 law enforcement agencies across 59 jurisdictions, utilizing smart contract technology to achieve precise fund management and continuously strengthen blockchain regulatory coordination effectiveness in the fields of anti-money laundering and counter-terrorism financing.
Bitcoin surged in the morning touching the high point of 119325 before facing downward pressure, in the afternoon it dropped to a low of 17108 before rebounding to around 118200 for consolidation. Ethereum also fell, plummeting over 150 points from the high point of 3664 to a low of 3507, currently rebounding to around 3570 for consolidation. In the morning, Yund鹿 provided a short selling strategy, accurately capturing the market rhythm, with Bitcoin shorts earning 1500 points in profit and Ethereum shorts earning 110 points.
The 4-hour MACD formed a death cross, and the RSI fell from the overbought area to 55, indicating a demand for short-term adjustment, with upper pressure at 119000-119500 and lower support at 117000-116200. Ethereum's volume shows insufficient rebound momentum, with key pressure at 3600 and support at 3520-3480. It is essential to pay close attention to the U.S. retail sales data tonight, as the current market is in a technical correction phase. It is advised to adopt a rebound high short strategy, focusing on key support level defense.
Bitcoin recommendation: Rebound to 118800-119500 for phased short positions; in the lower range of 117000-117300, consider light long positions.
Ethereum recommendation: Layout short positions in the pressure zone of 3580-3600, with light long positions in the support zone of 3520-3540.
Do not be too attached to the euphoria of a single bullish candle, nor be trapped in the gloom of a single bearish candle. The romance of the crypto world lies in the steadfastness within uncertainty: when others are swept away by volatility, you are planting the flowers of time at a steady investment rhythm; when the news in the group disturbs your mind, you find anchor points in the words of the white paper. #美国AI行动计划