Daily Market Analysis in the Crypto Sphere (07.11)

Summary:

1. The profits made in June have been lost back in July, entering a cooling-off period, and the market analysis will also pause for a while.

2. Contracts do not offer good medium to long-term opportunities, but there is room for operation in spot and options.

3. Let's talk about US stocks and gold.

4. Currently, Bitcoin can be confirmed to be moving from 98100, following a daily level trend. This daily level increase is expected to reach above 135600 but will not exceed 147000.

5. The weekly level indicates two possible peaks for Bitcoin in this bull market: 139000/159000. The difference lies in whether there will be a main upward wave in September.

5. Due to the early emergence of the main upward wave, there is a possibility that the bull market will end early in August/September, and will not extend to around October 20. We need to take it step by step.

6. Pay attention to Ethereum/SOL and altcoins for more opportunities than $BTC ; at this stage, avoid trading contracts and focus on spot.

Operations:

1. Buy ETH/SOL and altcoin spots, with 2% allocation in ETH/SOL at 20x leverage.

2. Purchase call options for Bitcoin (when Bitcoin breaks above the upper Bollinger Band on the daily chart, the upward trend will continue for about one month and one week), options expiring before the end of August, bullish to above 136000.

Note: You can choose either $ETH or $SOL for purchase; the choice depends on your belief.

Ethereum Believers:

The exchange rate of Ethereum to Bitcoin should be able to rise to around 0.045; if calculated at 138000, it is 6200, and at 158000, it is 7100. The next daily wave of Ethereum will likely reach above 4200 before a reasonable pullback occurs.

SOL Believers:

The exchange rate of SOL to Bitcoin should rise to around 0.0021; if calculated at 138000, it is 290, and at 158000, it is 330. The next daily wave of SOL will likely reach above 250 before a reasonable pullback occurs.

3. If it reaches above 136000 in August/September, buy put options for four months later, targeting below 82500.

4. If the main upward wave is still in play in September, close the put options and begin to layout short positions in the week of October 20, with the profit-taking still at 82500.