Trader Gege: Analysis of Bitcoin and Ethereum market from July 1 to July 2. Long and short positions realized. As long as the structure remains intact, we continue to expect fluctuations.

CN
4 hours ago

Hello everyone, I am trader Gege. Continuing from the last article, the strategies provided have yielded certain results, with the short position at 2490-2510 for Yitai being considered perfect. I don't want to say much about the macro situation today; several central bank governors are in a meeting, and the key news to focus on is the non-farm payroll data on Thursday, which is expected to only cause some short-term fluctuations in the market.

Overall, whether it's Bitcoin or Yitai, the fluctuation range is still within the expectations mentioned earlier, so there isn't much to say today. We will wait for structural changes to discuss in detail, just a brief update.

Bitcoin's daily chart is testing the support zone mentioned yesterday, pay attention to the MA7; if it holds above, it will test the previous K high point again; otherwise, it will test the lower support. The 4-hour chart's approach is to engage along the BOLL upper and lower bands, and it appears to be the case. Continue to reference this and manage risk appropriately; this support and resistance may not break before the non-farm data. Yitai is also fluctuating within the expected range, with the daily chart testing MA7 and MA60. Focus on the closing situation to see if it can break out. The specific strategy remains as mentioned earlier; we will re-plan if there is a breakout. That's all for today.

Short-term Bitcoin: short at 108000-108500, long at 106500-106300, looking for a $1500 move.

Short-term Yitai: short at 2490-2510, long at 2400-2420, looking for an $80-100 move.

The suggestions are for reference only; manage your risk when entering the market, and control your profit and stop-loss space as you see fit. Specific strategies should be consulted in real-time.

Alright, friends, we will see you next time. I wish everyone continued success and smooth sailing in the crypto world! More real-time advice will be sent internally. Today's brief update ends here. For more real-time advice on Bitcoin and Yitai, find Gege.

Written by: I am trader Gege, a friend willing to help you rise again.

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