Daily Market Analysis of Cryptocurrency (07.28)

Summary:

1. Surge in the stock market bubble and potential volatility expectations.

2. A cluster of news this week; ensure risk control.

3. From a daily chart perspective, the upward move starting at 98100 is expected to end around 136000-138000, around August 10.

4. From a 4-hour chart perspective, the upward move starting at 114700 is expected to end around 133000-135000, in early August.

5. The bearish news has landed, the long/short ratio, and the greed index have not reached peak values, serving as theoretical support.

6. The structure of Ethereum is similar to Bitcoin, while the structure of SOL will move faster; a temporary peak is expected in early August.

7. Altcoins will be considered again in September; do not consider exiting altcoins in August.

Operations:

1. The long position at $BTC and call options are held, expected to last until around August 10, with a take profit target at 136000. Of course, this long position can also be exited at 133000; the difference between 133000 and 136000 is whether you are willing to pay a week's funding rate for 3000 points.

The long position at $ETH and call options are held, expected to last until around August 10, with a take profit target at 4200. This long position can also be exited at 4100, same difference.

The long position at $SOL is held, expected to last until early August, with a take profit target at 220. After taking profit on the long position, open a short position with a stop loss at 226 (do not set 226 as the stop loss; rather, stop loss if the daily closing is above 226), and take profit at 171.5.

2. At 136000 (early August), close long positions and open short positions, aiming for the short to see below 120000 (late August), and continue buying spot at around 115000 (end of August) with a 3% position in 100x cryptocurrency long position. New long positions at around 139000 (early September) will take profit on 2/3, and the remainder will aim for 155000 (end of September).

3. In early September, short at 138000-139000, stop loss at 140500, and take profit at 82500 (early December). If the stop loss is triggered, gradually increase the long-term short position starting from around 156000 (late September to late October), aiming for a bearish target of 82500 (mid-January 26).