Follow and stay tuned for significant returns. Hello everyone, I am analyst Gu Jingci. I share my opinions here, hoping that every friend who follows along will achieve good profits!
In recent days, the short-selling strategy laid out publicly for Bitcoin/Ethereum above 1965, 1930, and 1920 has repeatedly met with surges followed by pullbacks, making the overall market direction clear to see. After the release of the US June PCE data this evening, the prices did not surge again as one might have expected—this round was somewhat overestimated. After all, tonight's data reflects last month's figures. Earlier, the CPI data release provided a major boost that led to significant gains in the crypto market, and PCE data is also linked to previous CPI data, so the result turned out just as expected. The trend is therefore clearer: the market has surged again, so it's appropriate to continue opening short positions at highs. I didn't lay out for Bitcoin yesterday, considering there might be a rebound, and now it has just arrived as expected.
Tonight's trading advice: For Bitcoin, open short positions directly around the current price of 64,900, target 62,000 to 63,000; for Ethereum, open short positions directly around the current price of 1,920, target 1,830 to 1,860, resistance at 65,800 and 1,960.
