7.18 Friday

Good early morning, everyone!

Today I shorted all day without making any trades. The market is in a sideways fluctuation, and the position isn't good, so I won't make any random moves. Holding a short position incurs no cost, and I feel much more at ease. The altcoins have already surged and are approaching the significant level of 3500. Moving forward, I will continue to pay attention to the movements of Bitcoin, which may continue to fluctuate upwards or sideways. It all depends on the breakout situation at this level to determine entry.

The market for Bitcoin has gone through a round of long-short conversion, and currently, the upward pressure target is first looking at the vicinity of 1200-1205. If it breaks through, then the next targets to watch are around 1220 and the previous high. If it doesn't rebound above the key position of 1200, the market will still face downward pressure and a pullback. The downward target is still initially looking at the low of 1170; if it breaks through that, then the next targets to look at are around 1155-1145.

The concubine is currently in a state of oscillation and consolidation after a small-level pullback at a high position. The first support to look for on a retracement is around 3370-3350. If it breaks down, then look successively at the two positions around 3320-3290. If there is a pullback and the first two target levels do not extend, then look for a rebound. The initial upward target is around 3430-3460, and if it breaks through, then look at the two strong resistance levels around 3480-3500. If it loses this level, continue to watch around 3530-3560.

In the early morning, the Silk Road summary callback is low for long positions, and those who entered high short positions have reached support, so make sure to leave the position open and adjust the trailing stop accordingly. #Gate 2025 Q2报告出炉 #比特币巨鲸动向 #山寨季何时到来？